I live frugally, and have contingency plans on my contingency plans, so to speak.
We learned as kids to always have a 'plan B' (and C, and D, etc. because no plan survives the event) along with the skills, tools, and supplies to back it up.
We are passing as much of that on to all the children, grandchildren (and great grands) who will listen.
That is a large group, (big family) and there is a definite split in attitude (and behaviour in general) between them.
It is as if people are choosing sides, which way they want to go, and the schism isn't pretty now, and it could get a lot uglier.
Good points, well said.
Stay safe Joe !