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Cake day: June 2nd, 2024

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  • bleistift2@sopuli.xyztomemes@lemmy.worldJust checking
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    1 day ago

    Insurance prevents people from hoarding money that they would need in case of a (personal) disaster to rebuild/repair/re-purchase their losses. If you know insurance will cover your house if it ever burns down, you spend the money, which helps the economy.