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For everyone jumping on that "oh yeah, 'for at least part of their lives' so this article sucks" bandwagon, think about this - what does it say when our system rests on such a tenuous position that 80% of people are destitute at some point in their lives? Shouldn't someone that practices the right-wing, Rand-ian ideal of self reliance enjoy at least some measure of insulation from abject poverty? Does this mean that 80% of people are not hard workers and responsible for their own fortunes in life? I doubt that.
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But it doesn't say that mookie, the 80% is just nonsense.
Take me for an example, I was unemployed when I broke my leg. Therefore I am one of those 80%, yet I was not destitute.
You simply cannot link the figures with the claim made about them as they are so broad as to be meaningless.