Tuesday, December 23, 2008

A good blog about the economy and real humans

Here's my comment to today's EconoWhiner post:

Don't let your friend's experience with the bankrupt 26-year-old put you entirely off the idea of giving them a set amount (say, a hundred bux) and letting them take care of their own needs. That's exactly what we've done with our daughter for the past year and it has worked very well for all of us. Maybe there's more to the snippet of that story that you told -- maybe? okay, clearly there's more. There are more dots on the line between a 15-year-old with financial responsibility for his own clothes and lunch and a 26-y-o going bankrupt. For one thing, in an economy like this, I don't think we can cavalierly attribute catastrophic credit card debt to careless spending. In this climate, one could go bankrupt just buying groceries and paying rent.

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