Most Americans Are Too Broke To Survive an Economic Crisis: “Out Of Cash Almost Immediately”

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The economy has gotten better under the current administration. However, there are still millions of Americans that are struggling living paycheck to paycheck and it is nearly impossible to save money when you are barely able to feed your family and pay household bills. Going forward with knowledge and a plan in case of an income crisis is possible. Sometimes, we can save other things of value in case we have to barter. Brush up on skills that would be a supplemental income if your current employment is gone or you need alternative income streams.

KEY TAKEAWAYS:

      • Many people around the world are financially quite poor, but few people will be as bad off as Americans.
      • Living paycheck to paycheck, with many dependent directly on government handouts, people in the United States may prove to be less prepared.
      • A brand new survey has found that 69 percent of all Americans have less than 1,000 in savings.

“Some time ago, the Federal Reserve also found that a large percentage of Americans are living on the edge of financial disaster. They discovered that 47 percent of all Americans could not even come up with $400 to pay for an unexpected emergency room visit without borrowing the money or selling something that they own.”

http://www.shtfplan.com/headline-news/most-americans-are-too-broke-to-survive-an-economic-crisis-out-of-cash-almost-immediately_10112016

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