To: carranza2 who wrote (72672 ) 4/2/2011 11:46:23 PM From: Ilaine 3 Recommendations Read Replies (1) | Respond to of 217979 I am almost 60, and hope to continue working well into my 70's. My husband is much younger and can't retire until I am 70, but probably won't retire until he is closer to 70, and I may or may not live so long. He works for the US patent office, is a GS 14, and has good benefits. Health insurance, long term care insurance, disability insurance, life insurance, he is fairly well compensated but these insurance programs are our safety net. Consumer bankruptcy isn't hard work at all. I can do it until I become unable, that is to say, ga-ga, and becoming too ga-ga to work does not run in my family. We tend to live until we are 80 or so. We will never be rich but we are frugal. We don't drive Mercedes, we drive Toyota and Subaru. We don't wear Rolex, we wear Swiss Army. We don't shop at Niemann Marcus and Nordstrum, we shop at Lands End, Walmart, Costco, Home Depot and Sears. We don't use credit cards, we pay cash. Other than our mortgage, which is manageable, we have almost no debt. The only thing I spend real money on is my kids, and if I did not do that, I could subsist on almost nothing. I actually like rice and beans. I actually like not buying new clothes. I grew up poor, as did my parents, but my father became rich when I was young, and I watched him buy himself a lot of expensive toys, and I learned that expensive toys don't solve anything at all. I do have some expensive tastes. I do buy expensive landscaping material. I do drink expensive beer. I do like to eat at expensive restaurants. But these I know are luxuries, not necessities, and I can give them up easily, and go back to beans and rice. Even the best rice and the best beans don't cost much. You, who live in New Orleans, know that, too. You can make a feast on beans and rice. You can live like a rich man on shrimp and oysters. You don't need a Mercedes, you don't need a Rolex, you can live like a king on almost nothing. The problem that poor people have in our society is that they don't know how to be poor. Their grandparents did know how to be poor. I know how to be poor. If I have to be poor, I know how to be poor, and live well.