[eli_gottlieb]

The traditional adage for proper saving was to have six months of living expenses in liquid savings as a "rainy day fund". After that, tradition holds you can safely indulge yourself, or save for long-term expenses like cars, houses, college educations, or entrepreneurship.

Back before this Depression, the notion that a responsible person could or should hold two or three years of living expenses as liquid savings was absurd. Saving that much was hoarding, and prevented you from building up savings for your long-term goals or capital for your ventures.

Now every 6-month ant is suddenly being lectured on their grasshopper-hood by 3-year ants? Bullshit.