The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus The Daily Herald on Linked In HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up  Green editions icon Green editions
Published: Wednesday, February 13, 2013, 12:01 a.m.

Financial trouble often is beyond one's control

On Feb. 11, The Herald published a letter to the editor from Carla White of Lake Forest Park that moved me deeply. It was titled "Values seem lost on business side."

Ms. White wrote about how her personal finances were directly impacted by reoccurring cancer, inadequate health insurance and a volatile job economy for the past five years. Then, despite being a responsible person who was making minimum payments on her hospital bill, she was harassed.

That type of story illustrates the point of a book I just read called "Pound Foolish, Exposing the Dark Side of the Personal Finance Industry" by Helaine Olen.

Olen says that when you really look at the numbers and research why Americans have financial instability, it's not because they were going to Starbucks or buying an RV.

It's because instead of losing their job for three months, they were unemployed for two years...

Or maybe they were diagnosed with cancer and their health insurance was lousy…

Or maybe they didn't have any insurance at all…

Or maybe their adult child became paralyzed and they had to provide care...

Or maybe they ended up having to raise their grandchildren...

Or maybe their salary is actually lower than what it was 10 years ago, but the cost of food, gas and everything else is higher...

So I'd like to say to Ms. White of Lake Forest Park that I think your letter in Monday's paper showed courage, perseverance and eloquence. You have my sincerest wishes for a better day tomorrow.

I bet there are thousands of people across Puget Sound who would agree with me.

Story tags » Personal Finance

Subscribe to Weekend to-do list
See sample | Privacy policy

Most recent I Brake for Moms posts

digital subscription promo

Subscribe now

Unlimited digital access starting at 99 cents, or included with any print subscription.

loading...
» More life
HeraldNet Classifieds

HeraldNet highlights

Crow magnum
Crow magnum: As thousands darken the sky, researchers descend on Bothell
A revolution for its time
A revolution for its time: Boeing 247 makes final flight to Seattle museum (gallery, video)
From NYPD to SCSO
From NYPD to SCSO: A New York cop opts for life in a slower lane, in Sultan
Unpaid caregivers
Unpaid caregivers: There's support for the thousands who look after a loved one