Precarity - A Roundtable Discussion

“Precarity” – a condition of personal economic uncertainty, including job insecurity, large amounts of debt, sudden unexpected expenses, and lack of savings – isn’t quite the same thing as poverty. One can be living well and suddenly find oneself in a very precarious state (due to an accident and resulting enormous medical expenses, for example). Apparently, this situation is widespread; 37% of those surveyed in a recent Federal Reserve Report on the Economic Well-Being of U.S. Households, responded that, when faced with an unexpected $400 expense, they “they would have paid by borrowing or selling something or said they would not have been able to cover the expense.”

In an ostensibly prosperous society such as ours, such statistics invite us to consider various issues. We’ll discuss some of them, guided by questions like those below, and hopefully incorporating some personal perspectives.

• How do we define and measure precarity?
• Is precarity simply a natural condition of life in modern America? Something that most people just have to accept at some point in their lives?
• What kinds of attitudes and behaviors might lead to precarity? Are most of us spending too much in frivolities (“lattes and avocado toast”, streaming services and entertainment) instead of planning and saving more wisely? If so, what would change such attitudes?
• How might people experiencing precarity escape from it?
• What sorts of government and corporate policies contribute to precarity? Is there any way to change those? Would something like “Universal Basic Income” eliminate or greatly reduce precarity?

As in our typical roundtable format, we will go around the room to share some personal experiences or other insights as we grapple with the complexities of current economic circumstances. Our process will be facilitated by the Program Committee members. Light refreshments will be available; also, we would welcome any additional snacks or beverages you would like to share. Contact Tony Davis (tonydavis0@gmail.com) with questions or for more information.