Yes, absolutely. If you have a family and a mortgage without first having enough savings to support those things through anomalies, you’re acting irresponsibly.
Nobody should be expecting their employer (or any second party, really) to be their income stream’s low pass filter. That’s what your savings account is for.
If you can’t support your family and mortgage through 6-9 months (minimum) out of savings, you shouldn’t have them because you can’t afford them.
(Also, mortgage term is irrelevant here, I’m not sure why you mention it. I would venture a guess that most 30 year mortgages end by being paid off at sale in less than 30 years. A 30 year mortgage doesn’t mean 30 years of mandatory payments, you can sell the place and move and pay off the mortgage at any time.)
The best part about living under the Sword of Damocles is that when it falls on someone else I can lecture them about how they deserved it. I can't imagine it would ever fall on me, because I don't deserve it.
> "you’re acting irresponsibly"
If things were arranged so that you didn't need the savings to cover the constant worry of being fired, then not having the savings wouldn't be acting irresponsibly. Americans need health insurance, not having health insurance is irresponsible. In countries where healthcare is free at the point of use, not having health insurance is not irresponsible. You're arguing a logical tautology.
> "(Also, mortgage term is irrelevant here, I’m not sure why you mention it."
As an example illustration that people do not live life in 1-day or 1-week increments, but in decades. People want to - and do - put down roots and settle in for a long time.
Okay. Why not? This isn't an argument. You aren't making any argument.
Because, to me, this sounds good. Okay, so let's do it. Seems pretty simple and straightforward.
I mean, I want a 401K. Employers should provide that. Okay, then let's do that. They... aren't responsible? Don't we make the laws? Let's just force them to be responsible. Problem solved. I'm happy, you're happy, everyone is happy.
Do you, like, aspire to be exploited? Why are you advocating against your own best interests? Is this selflessness, or some strange form of self-harm I haven't been exposed to?
I aspire to be paid for my labor. Forcing employers to handle things like health insurance and retirement plans is just stupid. It's a waste of resources, detracts from their core mission, and slows down economic growth. I would prefer to handle those things myself without an employer getting involved.
Is this a problem? Can I eat economic growth? I'd be pretty happy to have fewer cars in city and town centers, which would reduce things like death, injury, lung cancer, sleep disruption, and make foot journeys shorter and more pleasant, make biking easier. It would involve making and selling fewer cars and less executive compensation for the CEO of Ford, but that's about the worst reason to argue against it.
The problem is you're not explaining how this would be a preferable situation. Youre mistakenly assuming that if employers don't provide things like 401K match or whatever that instead you would pocket that money.
I have no reason to believe that to be the case. In fact, everything I've seen in my life makes me confident that is not the case. This reads like self-sabotage.
> If you have a family and a mortgage without first having enough savings to support those things through anomalies, you’re acting irresponsibly.
Or maybe it’s the collective us acting irresponsibly because how you get young people to start families if it’s irresponsible until biologically too late?
It's people who make the economy; if the economy makes it so there are no new people, it crumbles under its own weight - see every developed nation in the next 20-30 years when the social security system collapses, and the economy will follow soon after.
The nihilist take here would be that nothing matters, but money is more fake than people.
Nobody should be expecting their employer (or any second party, really) to be their income stream’s low pass filter. That’s what your savings account is for.
If you can’t support your family and mortgage through 6-9 months (minimum) out of savings, you shouldn’t have them because you can’t afford them.
(Also, mortgage term is irrelevant here, I’m not sure why you mention it. I would venture a guess that most 30 year mortgages end by being paid off at sale in less than 30 years. A 30 year mortgage doesn’t mean 30 years of mandatory payments, you can sell the place and move and pay off the mortgage at any time.)