FACT: Everyone Now Living Paycheck To Paycheck Means Next Crisis Will Be Devastating!

Do you believe that having debt like credit cards, line of credit, student loans, etc. is good, bad, or it depends?

 

More so than ever before, people are living paycheck to paycheck. No savings. Nothing for a rainy day. With interest rates at current near historic lows, some have simply invested instead of saving. There can be no solution to this crisis except for mass bankruptcies to occur. Look around the West. U.S, Canada, UK, Australia, and the rest. Everyone extends themselves to the absolute maximum. And that’s totally fine…as long as nothing with their income or expenses changes. Nothing to worry about, right?

 

Government shutdown exposes a harsh truth: Most Americans are unprepared for the next recession – MarketWatch

www.marketwatch.com/story/government-shutdown-exposes-a-harsh-truth-most-americans-are-unprepared-for-the-next-recession-2019-01-22

Living Paycheck To Paycheck: What The Polls Show

www.forbes.com/sites/bowmanmarsico/2019/01/24/living-paycheck-to-paycheck-what-the-polls-show/#18f64a07132b

51% of young women have to borrow to make cash last until payday | Business | The Guardian

www.theguardian.com/business/2017/sep/19/51-of-young-women-have-to-borrow-to-make-cash-last-until-payday

How an Overdraft Line of Credit Works

www.thebalance.com/overdraft-line-of-credit-315353

Walmart Nation: Mapping America’s Biggest Employers

www.visualcapitalist.com/wp-content/uploads/2019/01/walmart-nation-biggest-employers-map.html

Payless prepares second bankruptcy with store closures – BNN Bloomberg

www.bnnbloomberg.ca/payless-prepares-second-bankruptcy-with-store-closures-1.1211459

Reorg First Day on Twitter: “Since 2016, 35 retail chains have filed for chapter 11 relief reporting more than $100M in liabilities on their bankruptcy petitions:… t.co/uMsJqnptvV

twitter.com/ReorgFirstDay/status/1064931445276401664/photo/1

‘This One Here Is Gonna Kick My Butt’—Farm Belt Bankruptcies Are Soaring – WSJ

www.wsj.com/articles/this-one-here-is-gonna-kick-my-buttfarm-belt-bankruptcies-are-soaring-11549468759?mod=hp_lead_pos5

 

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