[humanrebar]

Sounds like political advice more than financial advice.

In a similar vein, I would advise people to support charities that help the less fortunate like food banks, but I wouldn't consider that financial advice.

[johnnyjustice]

You are right it does seem more political then financial. Advising people to support charities would be financial advice, wouldn't it? I think its pretty good advice something like "Attempt to give 1% of your income to a good cause for when things go wrong"

[jmduke]

Cynically, you can consider it hedging one's bets (no pun intended.)

[muzz]

he clearly qualifies it for "when things go wrong", so the suggestion is more like some kind of insurance in case that happens

[humanrebar]

They have insurance for that. Why isn't that suggested then?

No, someone thought they'd be cute and throw a political jab in there.

[vkou]

That is a form of social insurance.

[humanrebar]

Social insurance is a misnomer in this context. I was referring to short- and long-term disability insurance, which will cover you for many disaster scenarios.