Coronavirus - Overall
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@Bovidae said in Coronavirus - Overall:
This is what happens when a huge percentage of the working population live from paycheck to paycheck.
Some people just can't save a lot of money because of their circumstances. But there are a large group who can, but choose to spend all their disposable income on consumer goods that they don't necessarily need. In addition they borrow heavily to maintain a lifestyle beyond their means. Saving habits don't appear to have improved in the wake of the GFC and I'm sure that in the coming years people will quickly forget again
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@canefan Probably partly to do with how easy it is to obtain credit and get yourself in debt. Marketing is very sophisticated and powerful and we all get sucked in to it by a certain degree.
When afterpay became a thing I was always shocked when I heard friends saying how good it was etc, all I was thinking was they managed to get you to buy something you probably didn't need and you still have to pay for it.
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@chimoaus said in Coronavirus - Overall:
@canefan Probably partly to do with how easy it is to obtain credit and get yourself in debt. Marketing is very sophisticated and powerful and we all get sucked in to it by a certain degree.
When afterpay became a thing I was always shocked when I heard friends saying how good it was etc, all I was thinking was they managed to get you to buy something you probably didn't need and you still have to pay for it.
It makes perfect economic sense to borrow. But that all assumes you have a job. As far as hire purchase and other 'free' money, just because the guy on the street is selling crack doesn't mean you have to buy crack
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the flip side is, if everyone is working 50 hours a week, why shouldn't you enjoy the fruits of it? What's the point otherwise?
To save for a complete shutdown no one saw coming? And have that money make .05% interest because the rates never went back up?
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@mariner4life said in Coronavirus - Overall:
the flip side is, if everyone is working 50 hours a week, why shouldn't you enjoy the fruits of it? What's the point otherwise?
To save for a complete shutdown no one saw coming? And have that money make .05% interest because the rates never went back up?
I don't see it as an either or. You accept the risk when you leverage heavily to invest. But you are right, the virus was not a predictable crisis. But borrowing money to buy consumer stuff, such as credit card debt is never responsible in my book. For right or wrong I was taught not to spend what I didn't have
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@mariner4life Work 25 hours a week instead?
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@chimoaus said in Coronavirus - Overall:
@mariner4life Work 25 hours a week instead?
if you can afford it, and don't like doing or owning stuff, go for it.
We like nice stuff, and the ability to do things. It's why we work like we do.
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@mariner4life said in Coronavirus - Overall:
@chimoaus said in Coronavirus - Overall:
@mariner4life Work 25 hours a week instead?
if you can afford it, and don't like doing or owning stuff, go for it.
We like nice stuff, and the ability to do things. It's why we work like we do.
It's all about priorities. But if you borrow across several credit cards to fund all that, I'm not on board
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@canefan said in Coronavirus - Overall:
@mariner4life said in Coronavirus - Overall:
@chimoaus said in Coronavirus - Overall:
@mariner4life Work 25 hours a week instead?
if you can afford it, and don't like doing or owning stuff, go for it.
We like nice stuff, and the ability to do things. It's why we work like we do.
It's all about priorities. But if you borrow across several credit cards to fund all that, I'm not on board
that's different though, that's going well beyond your means, rather than just spending what you earn
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@mariner4life said in Coronavirus - Overall:
@canefan said in Coronavirus - Overall:
@mariner4life said in Coronavirus - Overall:
@chimoaus said in Coronavirus - Overall:
@mariner4life Work 25 hours a week instead?
if you can afford it, and don't like doing or owning stuff, go for it.
We like nice stuff, and the ability to do things. It's why we work like we do.
It's all about priorities. But if you borrow across several credit cards to fund all that, I'm not on board
that's different though, that's going well beyond your means, rather than just spending what you earn
So basically I think we are on the same page? 🤔😃
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@chimoaus said in Coronavirus - Overall:
I guess the other issue with Corona is whilst the overall death rate is likely to be lower than first thought, it is still fucken deadly to the old who already have health issues.
They released the figures for that nursing home in the US, 130 odd residents, 101 got infected, 34 died. Those who died did have a range of issues with hypertension being the top of the list.
The question has to be, how do we protect the old and should Govt do anything to lower the rates of these existing conditions such as Hypertension and Cardiac disease?
Main causes of Hypertension
Smoking.
Being overweight or obese.
Lack of physical activity.
Too much salt in the diet.
Too much alcohol consumption (more than 1 to 2 drinks per day)
Stress.Listening to Dr Drew Pinsky he said that under normal conditions it's not advisable, or standard procedure (or done) to put sick 80+ year olds on ventilation equipment as there's little chance of full recovery and the equipment is prioritized elsewhere. Palliative care instead.
Not now though, an interesting insight into ventilator resource management
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@chimoaus said in Coronavirus - Overall:
The question has to be, how do we protect the old and should Govt do anything to lower the rates of these existing conditions such as Hypertension and Cardiac disease?
Main causes of Hypertension
Smoking. CHECK
Being overweight or obese. COMPLETELY THE OPPOSITE 1.7m/55Kg
Lack of physical activity. CHECK
Too much salt in the diet. CHECK
Too much alcohol consumption (more than 1 to 2 drinks per day) TRY BOTTLES
Stress. CHECK - PTSDI'm completely fucked
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@Siam said in Coronavirus - Overall:
@chimoaus said in Coronavirus - Overall:
I guess the other issue with Corona is whilst the overall death rate is likely to be lower than first thought, it is still fucken deadly to the old who already have health issues.
They released the figures for that nursing home in the US, 130 odd residents, 101 got infected, 34 died. Those who died did have a range of issues with hypertension being the top of the list.
The question has to be, how do we protect the old and should Govt do anything to lower the rates of these existing conditions such as Hypertension and Cardiac disease?
Main causes of Hypertension
Smoking.
Being overweight or obese.
Lack of physical activity.
Too much salt in the diet.
Too much alcohol consumption (more than 1 to 2 drinks per day)
Stress.Listening to Dr Drew Pinsky he said that under normal conditions it's not advisable, or standard procedure (or done) to put sick 80+ year olds on ventilation equipment as there's little chance of full recovery and the equipment is prioritized elsewhere. Palliative care instead.
Not now though, an interesting insight into ventilator resource management
It’s not just the low chances of full recovery, by all accounts being on a ventilator is quite traumatising, having air forced into the lungs is a very unpleasant experience, especially so for the already frail. Additional problems with breathing muscles atrophying making recovery a drawn out procedure too. Not to be recommended.