According to CFSI’s Consumer Financial Health Study, 57% of Americans—approximately 138 million adults—are struggling financially. While we can probably picture what strugging looks like, what about being financially healthy? To me, financial health means that I’m prepared to handle what life throws at me. In my case that means that when my wife and I began suffering with chronic illness, we were able to cover our medical bills and avoid bankruptcy.
First my wife, who was already suffering with fibromyalgia, learned she also had rheumatoid arthritis. She worked as long as she could with the pain, but in the end had to file for disability. Then I had a heart attack, learning I had type 2 diabetes and congestive heart failure in the process. That required multiple hospital stays and surgery, but thankfully I am stable now. Still, I had to retire a few years earlier than planned. At the same time our income was taking a significant hit, our healthcare expenses were increasing.Continue reading“What Financial Health Means to Me”