That’s how this reader describes her husband and how trapped she feels because of his financial recklessness:
I concur with so much in Neal Gabler’s article. I often say, “We are one veterinarian visit away from disaster.” In truth, we are closer than that: Our elderly dogs need medical attention that we cannot provide.
My husband hid our financial instability from me. I had no idea that he did not pay our mortgage for 11 months. He explained away the cars coming by taking pictures of the house by saying, “We’re a couple of months behind and the bank is trying to scare us.” I had no idea we were being evicted until a marshal came to the door and served me with papers.
I also have no idea where the extra $1200.00/month that should have gone to the mortgage went. Meanwhile, our roof leaked so bad that when it rained I had to run around moving all the furniture; the rats gnawing in the walls kept my daughter and I up every night; I served potatoes for dinner 10 out of 12 nights because we had no other food; there was a hole opening up in the boys’ wooden bedroom floor that I covered with duct tape to keep bugs out.
My husband drank heavily and kept to himself, hiding the missteps he had made financially. I had no idea that he owed every check-cashing place in town. I just knew that when the electricity guy showed up to turn us off, or the water company came to shut off the water, my husband managed to “save the day” every time and come up with money. He had signed up for every disreputable credit card that he could find on the internet and never paid a dime on them.
We have been renting a trailer with our three, now teenaged children, for almost five years. I have had issues finding work, since not too many employers want to hire a 55-year-old woman (you can count on one hand the interviews I’ve actually been called for over the past five years.) The last young interviewer actually asked me if I was healthy enough to do the job (cashiering.)
My husband’s love affair with check-cashing places, disreputable internet loans, and credit cards has continued since we’ve been here. He’s an adult and I can’t stop him. I’m so angry that we no longer share a room, or even words. My daughter and I share the master bedroom. I’d leave him if I had the means.
I do not cultivate friendships because I am so ashamed of our lives and how stuck I am. Two of our kids suffer clinical depression; one is on medication. Aren’t I supposed to be able to help my children? Aren’t I supposed to be a strong enough woman to get away from a dead marriage?
My bank account balance right this minute is .10, and my savings that I valiantly keep trying to “get going” is $4.39. One step away from disaster.
That’s the core sentiment of this reader’s note. Patricia adds, “I didn’t fully realize that widows were a target [for greedy men], since people think you struck it rich.” But let’s start from the beginning:
I don’t know if you are still accepting people’s down-and-out financial stories, but here goes. Mine begins in 2001, when my husband died in a car accident on the Garden State Parkway, coming home from work. The police came to tell me, and from there it was my job to break the news to my daughters and his parents.
It took a while to take care of the finances. Thank God he had life insurance; he left me $200,000. Everyone would think that’s a fortune, but it was only two years of his income, and I stretched that money for 14 years.
He had opened four credit card accounts in my name I didn’t know about, and he owed around $20,000, so my first step was to pay that back. He died without a will, the house was in his name, so I had to hire a lawyer and go to court to fight for financial control of the house, since legally it would be inherited by the children. That cost around $10,000.
I’m not even mentioning the expense of the funeral and burial, so as you can see, the “fortune” I inherited was eaten away. The complete mess of his finances and legalities kept me from being able to move on. And if you are getting the uneasy feeling that my husband was up to some shady stuff, you would be correct, but I digress.
It took me three years to feel like I was human. I won’t even go into the Prozac that people told me to take because you better get over it quick; nobody’s got time for people who are bereaved, especially as young as I was.
While all this was going on, I went back to my substitute teaching career. It was 9/11, my first day back, subbing for a teacher who lost her father in one of the towers. I had been teaching in that school district for years, mainly special ed. I scrambled to take the Praxis [a teacher certification exam] and secure a teaching position. I aced the test and was interviewed by the school I was already working for. But they went with a young, fresh new face, and I ended up subbing for her when she went on her honeymoon and maternity leave.
I started substitute teaching for other school districts and went on more interviews only to be passed over for wives, husbands, sons or daughters of other teachers or administrators. I finally gave up after I was told by another teacher that I would never get a job because I was too old, even though I had excellent references and everyone said I was a gifted teacher.
I had no choice but to try and got a full-time position with benefits, so my kids could get health insurance. I got a job in graphic design for $9.00 an hour. In the eight years I worked at that job, I got three raises, and by the time I left, I was earning $9.60 an hour.
After that I got a job working minimum wage in a dementia unit. It was within walking distance from my house, so I promptly gave my 2006 Honda Civic to my oldest daughter (it was paid off, but I couldn’t afford to repair it). I never owned a credit card after the death of my husband.
I live in New Jersey, with some of the highest property taxes in the country, so this impoverished me even further. When I got the house refinanced, the agent offered me a home equity loan of $100,00, which I flat out refused knowing I could never pay it back. I sold the house ( at a bargain price because the economic crises forced me too; I guess I lost over $100,000) and bought a condo for cash in a dodgy neighborhood, so now I don’t have a mortgage.
I could not give my kids a college education. It wouldn’t have mattered anyway, since the jobs are gone.
The one thing that saved me throughout those dark days was Social Security. Unfortunately Reagan needed to fund his Star Wars program, and he did it by taking away Social Security for widows once your child is 16. Then the child loses it when she is 18; it used to be that children would continue receiving it until they got out of college.
I gave up dating years ago. Basically every horny man within a 20-mile radius was after me when my husband died, including the local cop, who waited six weeks to ask me out when I was walking my daughter home from school. I didn’t fully realize that widows were a target, since people think you struck it rich.
Now no man wants to date me, since I am making minimum wage, don’t have a car, and live in a bad neighborhood. But I am more than okay with it. I am a practicing artist and I paint and draw, and in the evenings I go out for a run. I basically buy a minimal amount of groceries and walk everywhere. I got rid of cable long ago. There wasn’t a chance in hell I was going to be anything but poverty stricken, since this is the norm for widows.
One great thing about being middle aged is that you are essentially invisible; people, especially men, don’t notice you anymore. It’s like Harry Potter’s cloak of invisibility, which I use to my advantage. Widowed people are invisible in this society anyway. And we can’t really afford to go out.
I am one of the lucky ones, since I stayed out of debt before the financial meltdown. None of my friends did; they are either upside down on their mortgages or trying to get refinanced and all of them got home equity loans, most of them are in very bad marriages, but they can't leave because of finances. Which just makes me glad I am single.
America is a place I would like to leave; it is a cruel country that doesn’t give a damn about the most vulnerable in our society. But unfortunately I am stuck here—another economic consequence of being poor. We bail out banks and then the banks squeeze us dry. It is not our fault. It certainly isn’t mine, that my husband died.
I am just lucky I am creative. I have turned my back on iPhones and shopping of any kind, online dating, or leasing a new car. I am not rich but I am happy and productive and I am able to live a life on my own terms.
I principally want to say thanks for your reader stories on financial insecurity. It reminds me of just how plain lucky I am. It is too easy to feel holier-than-thou, but many decisions I’ve made were done with no more or less foresight than your contributors. Neal Gabler's article was excellent. I cringed at the cost of upholding some of his values, but was appreciative of his candor; and saddened (though not surprised) at the awful comments.
Several worrisome recurring themes are present in your readers’ stories. I just cannot believe that secondary educational costs and the consequent debt are sustainable. And somehow finding means to support independent journalism seems imperative to me. Lastly the whims, the slings and arrows, of corporate careers seem only to worsen, with more and more victims falling by the wayside.
These stories almost provide me an understanding of the success of Mr. Trump’s presidential run.
Our next reader, Ben, hasn’t completed college yet and is struggling to find a job. This line is pretty gut-punching: “I had hoped to find my way to something resembling a career before my kids were old enough to notice that their father was a failure, but it’s looking more and more like I won’t meet that deadline.” Ben’s full story:
I grew up working in a family business. When my dad retired, he split the business up among his kids. I was a little too young and a little too ignorant to keep it going for long, and after four or five years it fizzled out. After that I spent a couple years doing freelance writing/other stuff, but most of that work dried up eventually as well.
I settled into a stable but dead-end retail clerk job for three years, but I’m topped out at barely-surviving levels of income in my job and have started looking for other work. This is my first real job search, and I’ve discovered something terrible: I’m completely unemployable, at least at anything that pays enough that we could technically survive on it. I’ve sent out a little over 80 applications in the last month or so, and only managed to get around five interviews, none of which led anywhere.
As bad as the realization that I’m soon to be without work is, it’s not the worst part for me emotionally. Worse is the demoralizing process that job searches have become. Recruiters for large companies will call you in for “sure thing” interviews that turn out to be jobs you can’t get. I’ve learned that many of them need to meet a certain threshold on interviews to secure bonuses and will get you in by any means possible.
Interviewers ask questions that reward liars and punish the truthful, but it doesn’t matter; your answers aren’t important if the next guy has a degree. Ditto work experience.
The worst are online assessments, by far. I have dozens of hours clocked taking complex logic and multitasking tests. I’ve aced them left and right, but the purpose of them isn’t to make sure a person without a degree is smart; it’s to make sure the degree-holder that HR demanded isn’t stupid.
And these aren’t great jobs, either: $25-30k a year with no or shitty benefits, in a lot of cases. The bachelor’s degree they want isn’t related to the work; it’s just something they can expect to get so it’s something they ask for. It’s the new high school diploma.
I’m looking into completing my bachelor’s, but that’s terrifying in a different way: How do you afford college if the best job you can get is Lyft? If I sink myself into $40-60k worth of debt to get a $30k-a-year-job, will I ever be able to dig out?
Update from a reader, Amanda, who points to some potential help:
Ben’s story immediately made me think of Mike Rowe’s foundation, as he seems to be exactly the kind of person Rowe is trying to target with his foundation's “Profoundly Disconnected” campaign. They’re currently taking applications for a scholarship program for the purpose of, in Rowe’s words, getting people the training they need for jobs that actually exist. I myself went the college route, but I appreciate Rowe’s efforts because, as Ben’s story illustrates, going to college to get a job doesn’t always make sense.
All recipients of the scholarship money have to sign the “S.W.E.A.T. Pledge” (Skill & Work Ethic Aren’t Taboo). From the list of 12 points:
1. I believe that I have won the greatest lottery of all time. I am alive. I walk the Earth. I live in America. Above all things, I am grateful.
2. I believe that I am entitledto life, liberty, and the pursuit of happiness. Nothing more. I also understand that “happiness” and the “pursuit of happiness” are not the same thing.
3. I believe there is no such thing as a “bad job.” I believe that all jobs are opportunities, and it’s up to me to make the best of them.
4. I do not “follow my passion.” I bring it with me. I believe that any job can be done with passion and enthusiasm.
5. I deplore debt, and do all I can to avoid it. I would rather live in a tent and eat beans than borrow money to pay for a lifestyle I can’t afford.
That’s what these two readers went through. The first:
Neal Gabler’s article needs to be shared and sent from one end of the country to the other. The worse thing that happened to me in recent years was outsourcing. My entire industry up and died over the course of one year; all the work went to Canada. I was decimated. I had no savings, my wife wasn’t making anything, and there were no jobs—none that I could find.
I went into a downward spiral of fear, panic, extreme sadness, and a feeling of absolute destitution. I couldn’t sleep much. I cried all the time, trying to hide it from my wife and daughter as much as I could. They still knew.
Though I hadn’t even been inside of a church in 30 years, I wound up going one day, sobbing to the reverend after service. I was lost, and I knew it.
Emotionally, spiritually—we define ourselves by our jobs, and now I had none. I pounded the pavement, making calls and calls. Eventually I got lucky and caught a break—a small firm that led to better work, and then better.
But the damage took years for me to overcome mentally. Four years later and I just got over the fear of looking at my bank account. And I still have no savings for my family. My wife makes better money now, but we’re not that young anymore. I live in constant worry for our future, knowing we aren’t prepared, and having to use most of the money we make now just to stay just a little ahead of the bills.
The other reader whose religious faith was deepened:
I have just gotten through your cover story and certainly agree that the middle class, poor, and some of the upper classes are in a financial mess. I watched as my income stagnated over the years. My own downfall came when I lost my job of over 26 years, obliterated my 401K, and bought a franchise business in 2006, which never made a dime (all my customers were losing their jobs and homes). I went bankrupt in 2009 and had a brain hemorrhage in 2012, which almost took my life, disabling me. I will always believe that this happened as a result of stress and worry over finances.
At that point, I had barely two extra dollars to rub together. I distinctly remember lying down on the floor in my bedroom and literally surrendering to God.
One of my blessings is not having had a credit card since 2008 … and no credit card bills. My hospital bills were forgiven. By God’s grace, I was able to keep and refinance my house and through social security and a small pension (remember those?). I am making it.
But I am careful with what I have. My faith has got me through this life and I refuse to worry, and I nip it in the bud if I start to slip. What did worry ever bring me that is good? I could come up with $400 in an emergency, or even a couple thousand through some hard saving. I am not always frugal; I can’t live that way. Still, what is a vacation?
Yet, I am grateful and hopeful and I will always need grace. Speaking of which, pray for me: my car is 16 years old ...
Not all of the reader entries for our “true money stories” are ones of financial woe; fiscal conservative Lori Miller offered various tips with the kicker “with enough money saved, you can tell them all to piss off”; another reader described how her sex work was both lucrative and empowering; and a “Financial Independence Obsessive” detailed her track record at length. The opening anecdote from this next reader, Chris, is a great illustration of how his parents instilled fiscal responsibility at a young age—and, as you’ll see, he carried those values into adulthood:
I’ll never forget my first lesson in personal finance. When I was 12 years old, I wanted to go to the movies with my friends. They were all going unchaperoned, and I couldn’t stand the thought of saying no because an adult had to be there. I asked my parents, and they said, simply, “If you don’t need an adult to go with you, you don’t need an adult to pay for you.”
It was simple; it was easy for me to understand; it stuck with me ever since. If I wanted freedom—true freedom—then I needed to be able to pay for it.
When I was 14, I got my first job, as a camp counselor. I got to keep half of my earnings, but my parents took the other half to put toward my education. They sacrificed to put me through private school, but I needed to have some skin in the game as well, even though $400 doesn’t really go so far.
When I turned 16, I wanted to drive. My grandmother sold me her car for a dollar, so that was squared away, but I lived in a city with astronomical car insurance rates. If I wanted my license, I had to pay my fair share, so I spent my summer job money coming up with $1,200 for insurance. When I was 16.5, I got into an accident and had my first lesson in unexpected expenses: $500 for the deductible and a premium that rose to $2,600 a year.
I went to a top tier university—one of the ones that has conspicuous wealth, and one of the ones where, when I said I couldn’t afford to get the newest, most advanced gadget, my classmates encouraged me simply to put it on my student account. How could I, though? My parents were already paying for my education; wouldn’t it be dishonest of me to charge something to a credit account for which my parents couldn’t even see the line items?
My friends often went on extravagant spring break trips, while I worked over my spring breaks. A student group I joined traveled every year, and we did get to go to far off lands, but I was only able to go because I saved all of the money I could scrape together to pay for it myself.
Many of those friends are wildly successful, mostly due to a combination of natural ability and drive as well as some good breaks, but many others are not so successful, even with that natural ability and drive.
When I got my first job, I was thrilled, but my pay was pretty average for my location. It’s been five years since starting that first job, and my coworkers and I have all done relatively well. As I got to know them more, most of whom were my age or a couple years older, I saw them spending lavishly; they got top tier apartments and nicer cars; they ate out five nights a week and bought their lunch every day; they went on at least one foreign vacation a year.
I found myself thinking, those coworkers must make a ton more than I do! But I learned a few things about them along the way. First, they all made roughly the same as I did, and their pay has tracked roughly with mine. However, half of them contributed nothing to their 401k; the other half contributed 5% or less. None of them established emergency funds; all of them financed their lifestyles on credit cards. Many of them want to make the next step in their lives—starting families—but are hamstrung without financial reserves in case of emergency. They will eventually get there, but later than they want.
All the while, I was saving 12% of my income for retirement, and though I couldn’t save much, I forced myself to put away at least $200 a month toward savings, increasing that number any time I got a raise or bonus. I didn’t go on vacations, and I cooked for myself most of the time (developing some pretty awesome cooking skills!). Every so often, I challenged myself to be more frugal without sacrificing my 20s, and it has paid off without question.
Today, I am married with no student loans of my own, and my wife and I are working on paying off hers. Together, we have multiple credit cards, but we use them strategically. We put all of our expenses on them and pay them in full at the end of the month, meaning that since we get a minimum of 2% cash back, we are always earning a 2% discount on our purchases.
We bought our first home last year, for less than half of what the bank approved us for. We have modest cars, which we financed only because the interest rates were lower than recent inflation rates, and we carpool to and from work most days. We have taken a few vacations, but only because we earmarked savings to do so. We save 16.5% of our take-home pay in Roth retirement accounts and dedicate 17.5% of our take-home pay toward building emergency reserves. Each time we have gotten a raise, we allow a little bit for ourselves and put the rest toward our savings.
By the time we hit 30 years old, we will have six-figure retirement reserves.
The part about surprise expenses is absolutely reality to us. Last month, my car was hit while I was at work and the person who hit me didn’t leave a note. The insurance deductible was $500, and due to a variety of reasons, we realized it was best to buy a new car. (The dealer gave us a reasonable trade value on it.) To keep payments reasonable, we tossed in an extra $2,500.
The next week, we took our dog to the vet for an ear infection, only to learn that she had cancer. The next week, she had surgery. In the past three weeks, the vet has cost upwards of $2,000.
And, almost on cue, we discovered that we had an infestation of yellow jackets, the lawn mower broke, and the dishwasher quit. After all was said and done, we wound up with $6,000 in unexpected expenses in just over one week.
Thankfully, we had been given sound advice and had planned for just this sort of series of events. We absorbed some of the cost into our monthly budget by sacrificing some of our typical expenses, and the rest came out of our emergency fund, which will take about four months to repay.
The point of all this is to send the message that it is possible to build a nest egg. It feels daunting when you are fresh out of college and with debt, but you start to see results after a while. The first milestone is a positive net worth. The next is knowing that your retirement is on track. The next is knowing that a job loss wouldn’t mean your ruin. And on and on until you realize that your hard work has given you what you always wanted: your freedom.
Well, I had a plan, I had a history of and was going through a severe downward spiral of depression brought on by a lifetime of abuse, chemical and hormone imbalances, Februaries, and a devastating final blow to my family’s financial survival. At this point, I had been bouncing around on meds with my PCP [personal care provider] but really needed a psychiatrist, a specialist, but I couldn’t get an appointment for three months with the only psychiatrist I called that was taking new patients. And the rest of THAT story makes for another story about our healthcare system, but for now: finances.
I’ve never been good with money. I liked to have experiences, not things. I literally haven’t owned an entertainment unit in ten years. I can’t stomach spending the money on it. Concerts, trips, kids activities, preschool tuition—that was important to me.
Before marriage and kids, I went to the notorious Art Institute (my second try at college—depression got the best of me my 1st time and I dropped out three years in). I got a fun, creative, and inspiring $70K education that has yet to bring me that salary in one year. After college, I worked for about a year-and-a-half before I was laid off five months pregnant due to the financial crisis in ‘07/’08.
My husband’s career, meanwhile, was steadily elevating. No college. Zip. But he took care of us enough to have another baby 2-1/2 years later and buy a house with a mortgage that was just $50 more than the apartment we were renting (which was a shit-hole). Things were looking UP for us, but I think the real downfall started then.
With no savings of any kind (we scraped pennies together for the 3% FHA down payment), we slowly dug our graves. We maxed out our credit cards on new floors and defaulted. We took credit at furniture stores and defaulted. Soon, my loans went into default (they wanted over $600 a month even considering our income).
Now we had kids, but we weren’t dead! We have lots of friends, lots of fun stuff to do, and now our kids had social lives, too. Soon, I NEEDED to go back to work for my sense of self-worth and for all the things we wanted to do. I refused to place my kids in one of those daycares that hires 19 year olds for $9/hr (you know, the ones you hear about on the news for forgetting a kid on the bus after a field trip or locking kids in closets). Also, interestingly enough, I’m a terrible classist it seems. If my kids were being minded by someone, the least they could do is enrich their young impressionable minds. My kids would be baby Einsteins!
Private preschool tuition for two, new/used mini-van with the buttons and computer panel, dinners and drinks and concerts and blowing off steam with friends, and finally, last year, our $5,000 medical deductible finally became too much to do. I was working but still making the base $36K/year that I made before I even went back to college in 2003. Let that sink in. I worked as an assistant, with no skills or experience and made the same amount after I went to college, had my own business, built up a portfolio, business contacts and reputation. I obviously failed that test.
Now, March 2016, I was just let go from my job (financial instability of the small businesses for which I continue to work), filed our taxes and was expecting a big return—one that was desperately needed. We were two months behind on every single bill payment, including the mortgage and car. We seemed to owe everyone and their mother $200, like we manufactured Benjamins in our garage. I wasn’t earning my sweet $2200 a month anymore, so we planned on this refund taking us through the next two months, giving me a cushion to find another job.
Well, to my surprise, the government had other plans. Uncle Sam came to collect on the federally backed Sallie Mae loans I’d be unable to keep up with. They took the entire refund before it ever hit our account.
My heart sank. I saw us losing our house, our car, my daughter, with 2-1/2 months left of Pre-K, would have to be pulled from school. I wanted to vomit. I wanted to die. I put the final nail in our coffins. We had nothing. We HAVE nothing. We couldn’t get an apartment for what we pay for our spacious home if we lost it.
My plan? My plan was to drive into oncoming traffic or just slam into the freeway median or drive off a bridge. I have life insurance through my husband’s work, after all. It had to be an accident so that my kids would never suspect my intentions.
Shame. I was so disgusted with myself I couldn’t think of anything except “disgusting piece of shit,” which is actually what I wrote over and over in my journal before and during the first part of my holiday in the cuckoos nest.
So, it’s been a month. With a lot of help from my personal financial advisor (my mom—yes, an almost 40-year-old woman needs her mommy to figure our her finances … shame), we have put together our total debt and planned our escape from this uncharted level of hell.
Trying to get well emotionally while also demolishing the house of lies of our financial situation is very hard and it’s tempting to let the depression wash over me so I don’t have to feel. But, I can never go back there again. Our children are still young and they don’t have to ever remember this time, right? Except for when we tell them about the time we used credit like it was a God-given right as an American, and it destroyed our lives, marriage, and almost destroyed our mommy.
Our latest reader story of fiscal conservatism in the face of uncertainty comes from an African American woman in Birmingham, Alabama:
I was born in January of 1973 out of wedlock to a single mother who already had two older kids. My mother and father were surprisingly cordial to each other all my life until they passed in 2008. Neither had a high school diploma, but my father was a very smart man. My father took financial responsibility for me but not my two half sibling, so basically my mother struggled all her days to make ends meet.
I lived with my mother in public housing (ghetto) in the state of Alabama. She was a CNA [certified nursing assistant] and we lived paycheck to paycheck. If she was able to save any money, an emergency would come along to gobble it up.
One of the emergencies that has stuck in my head for 30 years and set me on my current path was a flat tire.
Yes, a flat tire. I’ll never forget I was about 13 and my mother's old Ford Pinto (green) got a flat tire. The puncture was on the side of the tire and it couldn’t be patched, so it needed to be replaced, but she didn’t have enough money to buy a new one. She had to call around to family members to borrow the money for the tire. She made promises to pay back the cash on payday.
I made a promise to myself never to be in the situation of having to beg or borrow money. In my mother’s household there was always an emergency. I learned there will always be an emergency when you don’t make enough money for day-to-day living. Those early life lessons have made me into a penny pincher. I started working at age 15 and have never stopped.
I got accepted into every university I applied to. I stretched myself thin working while in college to cover basic needs that my family couldn’t help me with, like food. I got scholarships and financial aid to cover most of the costs of a college education, but because of financial illiteracy (and family illiteracy), I got into student loan debt and credit card debt.
My father and I sat down on his front porch after I got my first job out of college and he told me how to budget. (I was too embarrassed to tell him I was already in debt when I graduated.) This is advice from a man that never went to high school but also never went homeless or hungry:
1. Use one week of your salary to pay a car note and insurance.
2. Use two weeks of your salary to pay rent or house note.
3. Use one week of salary to pay your monthly bills.
4. Twice a year you’re going to get an extra two week’s pay—save it for a rainy day.
My response was, “OK daddy, but how can I save a dollar when all I got is a dollar?” His response was, “Spend 80 cents and save and tithe the other 20 cents.” If you can’t pay for it out of what you have, don’t get it.
And he meant every word he said. There weren’t any rich family members or grandparents available to bail me out of financial trouble. And neither he nor my mother had access to lines of credit, such as home equity loans. But my mother sometimes used payday loans to stretch her money to support her household. Payday loans would put an enormous strain on her that translated into stress for her kids. Watching my mother struggle was hard for me. I grew up with a since of lack, uncertainty, and a feeling of insecurity. We had love and respect but no money.
How am I doing now at age 43? I am divorced. I have one child (11) and a niece (14) I support. I’ve been in the workforce for 18 years in a stable career. I made about $69,200.00 last year.
$12,586.26 (18.2%) of my salary went to taxes (fed, AL state, Birmingham city, SS, and Medicare)
$11,313.79 (16.3%) of my salary went to pretax deductions (retirement, medical, dental)
$45,299.95 (65.5%) Went to me!
I have a modest house payment of $1,000.00 / month. I pay extra each month to pay it off faster.
I send my kids to public school ($1,000.00 yearly in fees and lunches)
I have a 2015 Camry that I owe about $12,800.00 on. I could have saved more money last year but I wanted a new Camry with a sunroof. My used Prius’ lithium ion battery died four months after the warranty was up and six months after I spent $900.00 in repairs. It was time for an upgrade.
I don’t have credit card debt (thanks to Dave Ramsey [the financial author]). I have $70,000.00 in my state pension and $60,000.00 in my IRA. My daughter has a 529 college plan worth about $4,000.00. I have about $30,000.00 cash in the bank.
Since I don’t have a financial safety net, I need a hefty savings account to make me feel secure. I would like to save more and spend less, but the costs of life keep creeping up. The monthly rates for water, gas, and electricity have increased this year, so that I am paying about $30.00 more per month than this time in 2014. That is $360.00 per year.
I shop at thrift stores for clothing except for underwear and shoes, and those costs have steadily increased every year. I shop at ALDI instead of Walmart but still spend close to $500.00 on groceries. I even take my lunch to work most days.
I learned some hard lessons about the lack of money early in life and during my struggle through college that have stirred me toward financial literacy, security, and peace. I also know that life isn’t predictable and bad things happen to good people, so it is best to be prepared for the worst.
Payday lending works like this: In exchange for a small loan—the average amount borrowed is about $350—a customer agrees to pay a single flat fee, typically in the vicinity of $15 per $100 borrowed. For a two-week loan, that can equate to an annualized rate of almost 400 percent. The entire amount—the fee plus the sum that was borrowed—is generally due all at once, at the end of the term. (Borrowers give the lender access to their bank account when they take out the loan.) But because many borrowers can’t pay it all back at once, they roll the loan into a new one, and end up in what the industry’s many critics call a debt trap, with gargantuan fees piling up.
As Mehrsa Baradaran, an associate professor at the University of Georgia’s law school, puts it in her new book, How the Other Half Banks, “One of the great ironies in modern America is that the less money you have, the more you pay to use it.”
Reader Dave teaches at a community college, and he crafted a recent class around our current cover story:
I was engrossed by Neal Gabler’s article and admire his candor. It resonated with me particularly because I have been a freelance graphic artist for over 30 years and I understand exactly the feast or famine nature that such a freelance creative career provides, including the fact that art fees have stagnated (even contracted) over the last 20 years, as publishing budgets have done the same.
My wife has also been a long-time freelancer but our financial situation is much more positive at this point than the Mr. Gabler’s, despite what seems like similar costs (mortgage, college, etc.) and income in a high-tax Northeast state. I credit that to the luck of good health, but mostly to learning the basics of personal finance early on and so avoiding some bad decisions and making a few good ones early on. (Those skills were perfectly described in your recent reader entry “When Self-Denial Gives You Freedom.”)
In addition to my freelance work, I have taught as an adjunct in the art department a local community college for many years. Mr. Gabler’s story was so compelling I decided to devote an entire class, entirely off the course topic, to a discussion of the article and a presentation of the basics of personal finance.
I had no idea if the students (generally 18-25 in age) would be interested at all, so I gave them the option to either work on their projects or skip the class. No one did. In fact, in all the years I’ve taught, it was the first time there was applause at the end of a class. Not for my presentation skills, but for having offered information most had never heard and that they recognized could have an immediate positive impact on their lives and for decades into the future.
Here’s an outline of my class presentation, which contains links to articles, tools (Bureau of Labor Statistics Occupational Outlook) and calculators (debt repayment, compound interest, inflation, undergraduate loan). This kind of information should be mandatory in every high school curriculum.
I thank Mr. Gabler for the article. There are ripple effects that will be felt for quite awhile, as I intend to offer this information in each of my future classes, until there is a required personal finance class, or as long as someone stays to listen.
Here’s some more specific advice from another reader:
I’m writing to offer a suggestion to Linda Lee, [the struggling former newspaper editor] whose story was outlined here. I tutored on anything writing-related for extra income after college. It was one of the few ways I could command a decent hourly wage for the skills I had as a writer.
Tutoring was very flexible. I was able to do it on my own time even if it was only for a free hour here and there during the week. Sessions can be held in any location (libraries, coffee shops, client homes, remotely, etc.) Getting started is simple, and cash payments at the end of a session are a way to get some extra funds very quickly. Craigslist and Wyzant.com were good ways to find clients. As a veteran (and published?) journalist and editor, I’m sure Ms. Lee’s skills would be in demand.
I passed along that advice to Linda and she replied:
I did NOT get that Civil Service job, and the people in Paris have still not wired me the $2,000, so I’m up for any advice. I had thought of freelance writing, but never thought of tutoring. It’s a great idea. (Better than going to a temp agency.) I really like the idea of someone handing me cash at the end of a tutoring session. Instant commodification.
Another reader, Amanda, previously offered advice to Ben—the unemployed dad without a college degree—in an update to “The Demoralizing Process That Job Searches Have Become.” (If you have any tips on how to make it less demoralizing, please email us.) Here’s how Ben replied to the update, which plugged a scholarship program from the mikeroweWORKS Foundation: “Well, now I know what I’m doing with my Saturday.” We’ll keep you posted on that and other reader developments.
The overwhelming majority of the reader response to Gabler’s story has been positive and supportive. But to balance things out a bit, here’s a strong reader dissent from Adam (a pseudonym), who benefitted a great deal from community college:
Hello! I wanted to comment on the discussion around money and Neal Gabler’s essay. This is a little bit of my own story and mostly a comment on his piece. Apologies if this is off-topic; I had a strong response to the cover story.
Gabler’s essay is out of touch and frankly obnoxious. By his own admission, his financial quandaries are entirely his own fault. He had privilege and opportunity, and made a series of choices that put him in desperate straits. He picked a risky career path in which money comes inconsistently; he then refused to live within his means, squandering his money on status symbols like living in the most expensive areas of the country, private school tuition for his children’s entire educations, and expensive weddings. I have no sympathy for him; he is paying the price of his own snobbery and unwillingness to make pragmatic choices.
In my observation, this is radically different from the predicament of most struggling American families. Many people have never had access to even a fraction of the opportunity Gabler describes, and have poured their blood, sweat, and tears into climbing up from poverty into the lower middle class, only to get knocked back into poverty because the car broke down, the rent was raised, someone got cancer, etc. Gabler pleads masculine pride in telling his wife not to return to work; many families never had the option of a full-time caretaker even when their children were newborns, let alone a spouse staying out of the workforce when the children have gone to college.
This is somewhat of a pet issue for me because, like Gabler, I am from a relatively privileged background—just privileged enough to be exposed to the idea that I should conduct myself like a wealthy person and refuse to consider money in my decision-making. Many of my relatives sank their whole fortunes into sending children to expensive private colleges they couldn’t afford. Why? I have never understood this.
I knew damn well at 17 that my family didn’t have tens of thousands of dollars lying around to send me to school, so I went to community college and then a state university and graduated with no debt. That’s a testament to my incredible good fortune; my parents were able to pay tuition at a state school (it was about $7k/year). I don’t think I would deserve any sympathy if I’d refused that opportunity to send us all into debt just so I could go to my “dream school.” Many of my cousins and former classmates have done this, and I think it’s a preposterous waste.
Maybe it’s the fact that people studied at these “dream school” enclaves that partly explains why they are so out of touch and unwilling to live within their means. At the state university, I went to school with young people who grew up in deep poverty, who were the first in their family to go to college, etc. This taught me a lot of gratitude about my own middle-class background and fundamentally altered my reference point for the class system. I no longer think of rich people as normal and see myself as inadequate; I instead realize that working-class people are much more typical and I feel fortunate. My sympathy lies with the families that are making tough choices about housing and healthcare, not with the families who are making “tough” choices about fancy wedding locations.
Thanks for curating wonderful discussions and keeping comments anonymous!
The movie clip was flagged by another John, from the inbox, telling his story of “rags to riches, living the American dream”:
I have been broke and don’t ever plan on going back there again. I grew up “middle class” because my father was a carpenter and made good money and spent it on “toys”—motorcycles, boats, cars, etc. I had four brothers. I worked for my dad carrying shingles but couldn’t swing a hammer. I got a job at a steakhouse washing dishes and that sucked. I worked in a grocery store bagging food and eventually night-stocking shelves.
My high school had a training program with a community college a few miles away and I certified in welding. After graduating high school I worked welding for a year with great pay. My only experience with a union is that after being hired I was “bullied” into joining the union; the union steward told me to be prepared to strike. Not encouraging for just starting. The strike never came but the business shut down.
I got married, had a kid, started going back to the original community college, got divorced, went to the local state college, got an Electrical Engineering degree, moved out of state, worked three years then got laid off, moved back home, got a job with an electric utility, bought a house, got a live-in girlfriend who loved to gamble and gamble and gamble—but she left with her debt, thank God.
I was deep in credit card debt and had a house payment and a rental house a state away. I took a deep look and decided that debt was the anchor holding me back.
I worked a side wiring job for extra income. I started living within my income instead of overspending for once in my life. I fixed up the rental house and sold it. Paid off the truck loan. Attacked the credit cards and paid them off smallest to largest using the snowball effect. I added 50% to my remaining mortgage for a while then doubled the payment until I had enough in savings to pay it off in full.
I have been maxing out my 401(k) and Roth and saving cash ever since. My work has a pension plan that has been building for the past 25 years. I have sat down and added up all my assets (no debts at all so nothing to delete — woo wooooo!) and they are approaching $1 million at 57 years of age.
What was the one event that made me change my ways? Becoming single the 2nd time and realizing that I was responsible for my own retirement and happiness. I’m not here to “make” anyone else happy as I’ve strived to before in life.
What financial event moved me out of paycheck-to-paycheck living? The realization that things happen and when you need savings to fall back on. The furnace goes out? Buy a new one. The vehicle breaks down? Tell the mechanic to “fix it.” The market tanks? Who cares, buy more dollar cost averaging. Want to go on a trip? Just buy a ticket or hop in the car and go. Want to eat out? Don't look at the prices, eat what you want and leave a big tip without fanfare. Attached is a link to John Goodman explaining why you should have a pile of money.
I’m debt free. I’ve been broke and I’ve been rich. Rich is better.
This podcast [SPENT] will address the age-old question: Why are we so f*****d up about money? Each episode will feature stories from people like you, people who have made money mistakes and lived to laugh about it. Well also have great advice from empathetic experts. We’ll laugh, we’ll cry, we’ll get our financial lives together, one episode at a time.
Our reader highlights a few of the best episodes so far:
The latest one is with Dean Haspiel, a comic-book artist, Emmy winner (he did the art for and inspired the Zach Galafianakis character in Bored To Death), Marvel and DC veteran … a genuine success in his field, and yet he only recently got out of debt and got health insurance, at nearly age 50. His latest endeavor is a free webcomic about an alternative Brooklyn where art is a currency of exchange. As he says wryly, “This is a romantic fantasy.”
The Tiana Miller episode is another standout. Broke and badly ill with multiple sclerosis, Tiana still musters the spirit and energy to perform standup comedy all around NYC. She talks about learning to navigate the health care system alone, having to rely on friends to take care of her, and how illness helped turn her into a professional funny person. (“I was like, why would I get hired at a chandelier store? One of my main symptoms is intense tremors!”) It’s a really emotional episode.
That quote comes from Brian Brunjes, the local butcher and friend of Neal Gabler, who wrote our May cover story, “The Secret Shame of Middle-Class Americans.” Brian started to struggle after his son was diagnosed with autism, causing his wife to quit her job to care for him and thus leaving the Brunjes family with one income. Here’s Brian alongside Neal in a segment for Wednesday’s NewsHour discussing financial impotence:
Today, the average family has enough financial reserves to keep going for about three weeks. That’s it. And that’s middle-income.
Here’s another startling statistic from economist Annamaria Lusardi:
[H]ow confident are you that you could come up with $2,000 if an unexpected need arose within the next month? And what we found is 40 percent of families could not come up with $2,000 in 30 days. So it’s important to recognize that, that the financial fragility is just so widespread.
Meanwhile, from our hello@ inbox, here’s the story of a young woman who works in online media and is about the same age as Neal Gabler’s daughters:
Supposedly I did everything right. I worked hard to be the first person in my family to graduate from college. I did so with only $3,000 in student loans. I took several internships and kept a part-time job all while going to school full time. I got a job at a hip company right out of college. Everything went right.
Except the pay isn’t great, because, hey, I don’t have any experience. So I answered an ad on Craigslist for a roommate to save money. By the end, there had been people on my couch running from the cops, multiple cockroaches on my pillow, and my “landlord” saying it wasn’t her problem that I didn’t like bugs. So I moved out. Except the rent and utilities to go to this job cost me half my income.
I end up just making ends meet. And it’s like, why did I work so hard then? Wasn’t college and working hard supposed to get me somewhere? I’m just as broke now as my family was when I was a kid.
Gabler explains in very dry, empirical terms how wages have stayed the same while the price of everything you need has gone up. What he doesn’t explain is the real psychological toll that has on the generation his daughters are in. We haven’t messed up and cashed out 401(k)s or reduced down to one income—yet we’re still screwed. We were screwed the moment we entered into this system.
And that fact is so soul crushing it’s a wonder I get out of bed every day. Because a good day is having enough to eat, a bad day is getting a ticket for a burnt-out headlight and needing to take a payday loan just to keep my ability to get to my job—one that barely pays me enough to eat.
This is why extreme candidates like Sanders and Trump are winning. This is why everyone is on Prozac, booze, or worse. We know we’re drowning. People are desperate. This is why people read click-bait articles instead of hard news. No one wants to think too hard about how shitty the world we live in now.
Update from a reader, Katharine, with some advice that our young reader and Linda Lee, whose story is here, might find useful:
I would strongly advise Linda and other out-of-work newspaper editors to retrain as medical editors and writers through the American Medical Writers Association. There is a growing demand for this sort of work, particularly from Chinese researchers who want to see their papers published in English-language medical journals (and the work can be done at home). Here’s an article about this growing field.
Linda responds: “Thanks, I’d already explored taking courses in medical bill coding (extremely boring recall, worse than organic chemistry) and this sounds much more attractive. I appreciate you keeping me up to date.” If you have any advice for Linda or any of our readers struggling with the job market, please let us know.
A doctor of disadvantaged patients details her long and arduous path to financial security:
I grew up in a lower-middle class setting: My father was an engineer, my mother a teacher’s aide, then a teacher. I never had to worry about food on the table, much less a roof over my head, but there was no room for extras. By the time I was in high school, we were settled very comfortably in middle class.
Then the recession of the early 2000s hit, the company my father worked for closed down, and I graduated high school and started college, with my parents living on a single income and my elementary school-aged brother still at home.
By nature (and perhaps a little by nurture as well), I was always a frugal person, but knowledge that my parents were borrowing almost $40,000 a year to pay my college tuition kept me on the very straight and narrow. I only ate the two meals a day that were included in my room and board. I walked everywhere. The rare trips into the city were done via public transportation.
After I graduated from college, I attended medical school, and this time, the student loans were in my name.
I lived with a roommate in a 750 sq ft convertible apartment to cut down on costs. My living costs at that time were kept to an absolute minimum despite living in one of the most expensive cities in the country, but I still got a little sick every time I signed the paperwork to borrow yet another year’s worth of tuition. By the time I graduated, I had paid over $180,000 in tuition at a handsome 6.8% interest rate. My parents had graciously covered my living costs. My friends who were not as fortunate owed nearly $250,000.
In the United States, you are not allowed to practice medicine until you have completed a training period called residency. Residency can vary between 3 to 7 years depending on your career decisions. It is essentially a period of indentured servitude, during which you work 80 hours a week for 49 weeks a year, and receive a federally set stipend in exchange.
The year I started residency, my salary was approximately $45,000 per year—an hourly wage of just over $11. Despite this, I was able to save 30% of my take-home pay. The positive effect of working 80 hours a week is it leaves very little time to waste money.
I started on income-based repayment of my student loans as soon as my grace period ended, but the monthly payments weren’t even covering one-third of the accruing interest. Following residency, some people choose to pursue further training during a period call fellowship. Fellowships vary from 1 to 4 years, during which you work almost as much as in residency and receive a slightly higher stipend. I continued to save as much as possible, and my husband and I were able to pay for our small wedding in cash. I continued income-based repayment, but the student loan principal kept growing, with interest capitalizing year on year.
Finally, after 6 years of post-graduate training, I took my first job at a university hospital almost a year ago. Physicians who practice medicine in an academic setting generally make substantially less than their private practice counterparts. While I make a very handsome salary, it is still only two-thirds of the salaries of my friends in private practice.
My husband, who has a doctorate, is still looking for employment, 9 months after our relocation. [See here for a reader discussion centered on the question, “Is a Ph.D. Worth It Anymore?]
We continue to rent, but we’re hoping to buy a house in the next several years; we have saved enough for a full 20% down payment. We are both in our 30s, and have deferred having children due to school and training, are anxious that attempting to have children will incur yet another cost in the form of high-risk pregnancy or IVF.
This year, I will max out my 403(b) and Roth IRA. The principal on my student loans have capitalized year upon year, and now are almost $200,000, despite being on income-based repayment for 6 years.
I logically understand that my financial future is secure. We are still on track to be financially independent by the age of 50, even if we do have children. The years of setting a budget and saving like a fiend during residency (and during graduate school for my husband) has left us in an enviable position. Because I work in an underserved area, the balance of my student loans will be forgiven after 120 payments, approximately 4 more years. I have no undergraduate student loan debt. My husband, mercifully, does not have any student loans, nor any other debt.
But despite making a salary that puts me comfortably in the 1% of earners in the state, I remain anxious about money. My husband is unemployed. My student loans exceed the size of the mortgage that my parents borrowed for their house.
Although my parents and my husband’s parents are financially secure, I know how quickly one hospitalization can completely destroy financial stability. My brother is finishing college, and I intend to pay for his graduate school costs so that my parents won’t enter their retirement years with that burden.
My in-laws are still paying off the student loans that they incurred for my husband and his siblings. Retirement plans were not available to us during residency and fellowship and I certainly wasn’t contributing during medical school, so I have 10 fewer years of retirement savings than my college classmates who did not pursue my path.
I am certainly grateful for the opportunities afforded to me by my parents, and I am extremely fortunate to be able to work every day in a position I love, impacting people in a very important and direct way. I wouldn’t say I made any huge financial missteps in my life, although I do wish I had started investing sooner and more aggressively. If retirement plans had been available to me, I certainly would have started saving specifically for retirement sooner.
The biggest financial lesson I have learned, though, is that lifestyle inflation is dangerous. I am still able to aggressively save because I never felt the need to upgrade just because I could. Because of that fundamental belief, I will always be able to work at a job I love, even if it is not as lucrative.
Nothing in Marie Yovanovitch’s testimony had directly added to the Democrats’ case for removal. Then the president stepped in.
As they present their findings to the public, House Democrats may find it easier to let President Donald Trump build the case for impeachment himself.
The testimony that Marie Yovanovitch, the former ambassador to Ukraine, delivered to Congress this morning was perhaps as politically damaging to Trump as anything presented during the first day of House impeachment hearings, on Wednesday. In a quiet but firm voice, she described how “a smear campaign” orchestrated by the president’s allies led to her abrupt dismissal as ambassador, and how “the color drained from my face” when she read a transcript of Trump bashing her in a phone call with Ukraine’s new president, Volodymyr Zelensky. “It sounded like a threat,” Yovanovitch said, referring to the president’s comment that she would “go through some things.”
As age factors more urgently in politics, a simple test could evaluate who remains fit for office.
Remember these numbers. You’ll be asked about them at the end of the test: 70, 73, 76, and 78.
These are the ages of the leading candidates in the 2020 presidential election: Elizabeth Warren, Donald Trump, Joe Biden, and Bernie Sanders, respectively. In most any other line of work, people in their eighth decade are usually retired. For most of human history—and still in most of the world today—people of this age were usually dead.
Last month, Jimmy Carter, the 95-year-old former U.S. president, said that the office requires a person “to be very flexible with [one’s] mind,” and that by age 80 he wouldn’t have felt able to do the job. He joined the growing ranks of those suggesting they would support an upper age limit for the office, either for purposes of breaking up the gerontocracy or to ensure a person has the physical and cognitive capacity. “You have to be able to go from one subject to another and concentrate on each one adequately and then put them together in a comprehensive way,” Carter said.
The candidate has learned to kill the professor within, by going after billionaires.
My colleague Megan Garber spoke up on Wednesday in defense of anger, a quality whose presence in a female presidential candidate gets her branded as hysterical and shrill, and whose absence, paradoxically, marks her as frosty and robotic. (Angry men are just “fired up”; angerless ones are “cerebral.” There are exceptions: Critics penalized Howard Dean for being a rage-monster and Michael Dukakis for being a passionless wuss.) The angry woman in this round is Elizabeth Warren, whose anger—mainly directed at billionaires—is becoming a signature quality.
I have been pessimistic about Warren’s chances, not because of her anger, but because of her apparent lack of a crucial quality that distinguishes successful presidential candidates, namely that they should be completely insane. The stresses of a campaign would be enough to make a normal person quit. Warren is scrutinized literally down to her genome, and the worst people in the world are scheming to defame her. The prize in this contest is the most burdensome job ever devised, one self-evidently worse than that of a tenured law professor at Harvard University. As a Richard North Patterson character put it:
A chemist once at the center of an era-defining sports scandal now is eager to improve your health.
After 30 minutes, the rat should have been dead. Sealed in a capsule-shaped chamber, the animal was breathing pure oxygen at a pressure high enough to cause a normal rat to have a seizure in five to 10 minutes. Dominic D’Agostino, a researcher at the University of South Florida, stood by, ready to flush the chamber with fresh air and rescue the creature at the first signs of a problem. But 30 minutes became 40 minutes, and still the rat appeared unbothered. At an hour, D’Agostino could only gaze at it on a video monitor with wonder. “The rat was just kind of staring back at us and grooming itself,” he says.
Shortly before placing the rat inside the chamber, D’Agostino had injected a new, one-of-a-kind molecule down the animal’s throat. Much of D’Agostino’s work is funded by the U.S. Department of Defense’s Office of Naval Research, and this experiment, which he conducted in mid-2011, was his first test of whether the new molecule could help a rat withstand an onslaught of oxygen. The hope was to one day do the same for Navy divers, who can experience devastating oxygen-toxicity seizures on deep dives.
A tectonic demographic shift is under way. Can the country hold together?
Democracy depends on the consent of the losers. For most of the 20th century, parties and candidates in the United States have competed in elections with the understanding that electoral defeats are neither permanent nor intolerable. The losers could accept the result, adjust their ideas and coalitions, and move on to fight in the next election. Ideas and policies would be contested, sometimes viciously, but however heated the rhetoric got, defeat was not generally equated with political annihilation. The stakes could feel high, but rarely existential. In recent years, however, beginning before the election of Donald Trump and accelerating since, that has changed.
A record-setting acqua alta has left much of Venice submerged, following stormy conditions blowing in from the Adriatic Sea.
Yesterday, strong winds and rainstorms pushed water levels in Venice, Italy, to the second-highest levels ever recorded. The high-water mark hit 74 inches (187 centimeters), just short of the record set in 1966. This exceptional acqua alta has flooded businesses and historic structures, sank boats, and been blamed for one death so far.
The latest volley in a decades-long debate about apes’ theory of mind involved one scientist dressing up as King Kong and stealing from his colleague.
In the pursuit of new knowledge, some scientists explore other worlds, discover new species, and develop cures for disease. Others film themselves being robbed by a colleague in a King Kong suit, to address a debate that’s been raging for more than 40 years.
Bedecked in ape cosplay, Satoshi Hirata from Kyoto University would grab a stone from his uncostumed colleague, Fumihiro Kano, and hide it under one of two boxes, all while Kano watched in mock indignation. Then, after Kano ducked behind a door, “Kong” would surreptitiously move the stolen stone to the second box. The duo filmed these shenanigans and then showed the videos to several chimpanzees, bonobos, and orangutans. They wanted to know how what the apes made of the scene. Specifically, when Kano returned and began looking for his stone, which box did the apes think he’d search first?
Suppose that the biblical story of Creation were true: God created the universe in six days, including all the laws of physics and all the physical constants that apply throughout the universe. Now imagine that one day, in the early 21st century, God became bored and, just for fun, doubled the gravitational constant. What would it be like to live through such a change? We’d all be pulled toward the floor; many buildings would collapse; birds would fall from the sky; the Earth would move closer to the sun, reestablishing orbit in a far hotter zone.
Let’s rerun this thought experiment in the social and political world, rather than the physical one. The U.S. Constitution was an exercise in intelligent design. The Founding Fathers knew that most previous democracies had been unstable and short-lived. But they were excellent psychologists, and they strove to create institutions and procedures that would work with human nature to resist the forces that had torn apart so many other attempts at self-governance.
The GOP operative and self-described “dirty trickster,” who was convicted today, has been a presence in the president’s life for more than 30 years.
Roger Stone, the famed political consultant, seems to have played a role in every major conservative moment in the past half century. And if one quality has defined his long career in politics, it’s that he’s prone to scandal of his own making.
Enter the Russia investigation. Today, Stone was found guilty of lying to the House Intelligence Committee and trying to obstruct its investigation into Russian interference in the 2016 presidential election.
Though the criminal conviction is a first for Stone, he’s used to controversy: One of the pioneers of opposition research, the self-described “dirty trickster” and Richard Nixon acolyte has built his reputation on a combative, conspiracy-theory-laden brand of politics. Here, a brief history of Stone’s political mischief-making:
The overcrowded Moria refugee camp in Greece is where Europe’s ideals—solidarity, human rights, a haven for victims of war and violence—dissolve in a tangle of bureaucracy, indifference, and lack of political will.
MORIA, Greece—From the olive grove just outside the high cement wall—one topped with spirals of razor wire, enclosing one of Europe’s most infamous holding pens for asylum seekers—you can see all the way clear to the Aegean Sea, gray-blue in the distance. It’s a straight shot across the water to Turkey, just six miles away at the narrowest stretch, an ancient Dardanelles trade route.
Moria, on the Greek island of Lesbos, is a symbolic place—a hinge between the Middle East and Europe, the eye of the needle through which migrants must pass as they travel from east to west, a pressure point between Istanbul and Brussels. It is where the collateral damage of contemporary history—Afghanistan, Syria, Turkey—crosses the threshold into Europe. Moria is where geopolitics becomes European politics becomes national politics. Every new arrival here could one day translate into rising poll numbers for right-wing parties across the Continent, parties divided by language and culture that find common ground in wanting to block these humans from entering.