The WORKING POOR are barely getting by. They cannot accumulate any significant amount of savings.It's sad isn't it. There are so many who never plan for the future; not even a month or two ahead. Most have credit card debt up the wazoo as well as inflated mortgages and auto loans. I can't imagine that - at least not at this stage of our life.
I think so many people feel 'entitled' and won't be able to imagine just HOW something like this could happen to them. *sigh*
The WORKING POOR are barely getting by. They cannot accumulate any significant amount of savings.
Not working poor here. My mother gets social security disability, on which she supports both of us.Exactly!! We are the working poor, have no credit card debt, but barely could put anything away each week. Over summer when the gas prices soared, and food prices as well, it cut into what we had saved.
I mentioned this to DH last night. People who already squeeze what they can out of the very last penny, when prices go up and not the income, where do you squeeze?
If there are enough homeless people and insufficient facilities to house them, people might start squatting in the vacant, repossessed homes or vacant commercial buildings. There are already tent cities in some areas.Many, many people will become homeless. The lucky ones will be able to move in with friends and family.
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I worry about keeping my garden safe next summer... rose bushes and stinging nettles are my plan!!
Lots of us are wondering that.For now, we have 'ENOUGH' but who can say how long this will continue.