The Economic Collapse – by Michael Snyder
Just like in 2008, most Americans are living right on the edge financially, and so any sort of an economic downturn is going to be extremely painful for tens of millions of American families. When you have not built up a financial cushion, any sort of a setback can be absolutely disastrous. During the last recession, millions of Americans suddenly lost their jobs, and because most of them were living paycheck to paycheck a lot of them suddenly couldn’t pay their mortgages. In the end, millions of Americans lost their homes during the “subprime mortgage meltdown”, and today the housing bubble is even larger than it was back then. Sadly, the reality of the matter is that many of us are just barely scraping by from month to month, and that is a very dangerous position to be in. Continue reading “A Shocking New Survey Finds That Most Americans Are Completely Unprepared For The Next Recession”