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Nearly Half Of American Families Live On The Edge Of Financial Ruin

 
Anonymous Coward
User ID: 33730130
02/05/2013 08:24 AM
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Nearly Half Of American Families Live On The Edge Of Financial Ruin
In the past few years, Americans have learned a thing or two about how quickly disaster can strike.

And with each Hurricane Sandy, housing crisis, and stock market crash that rocks our world, we're faced with the realization that many of us simply aren't prepared for the worst.

A sobering new report by the Corporation for Enterprise Development shows nearly half of U.S. households (132.1 million people) don't have enough savings to weather emergencies, or finance long-term needs like college tuition, health care and housing.

Read more: [link to www.businessinsider.com]
Anonymous Coward (OP)
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02/05/2013 08:25 AM
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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
We're not just talking about people who living people the poverty line, either. Plenty of the middle class have joined the ranks of the "working poor," struggling right alongside families scraping by on food stamps and other forms of public assistance.

More than one-quarter of households earning $55,465-$90,000 annually have less than three months of savings.
BRIEF
Rebel with morals

User ID: 381742
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02/05/2013 08:29 AM

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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
It's pathetic!

No matter how much you make, you can always spend more...


Poor people aren't bankable for a loan, but the middle class is and they make payments on their entire lives and own nothing, which means that poor people are better off than the middle class because they aren't in debt.
With freedom comes responsibility.

Heterosexual pride!

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ceawaves

User ID: 28704314
United States
02/05/2013 08:39 AM

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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
It's pathetic!

No matter how much you make, you can always spend more...


Poor people aren't bankable for a loan, but the middle class is and they make payments on their entire lives and own nothing, which means that poor people are better off than the middle class because they aren't in debt.
 Quoting: BRIEF


Poor people are better off, than the the working poor, the other poors are in the system, the working poor if they don't have work they don't have money,food or shelter...

0bama is destroying the middle class something i've been saying since he lied into his first oath of office.
They have to take out the middle class to break the back of country.. He was always been out to destroy the middle class that's where the real wealth, power, and strength of the country is..1% of everything ain't much of nothing.
Lorax

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United States
02/05/2013 08:50 AM
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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
It's more than half since most are in debt up to there eyeballs.
Lorax
Anonymous Coward (OP)
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02/05/2013 09:08 AM
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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
It's pathetic!

No matter how much you make, you can always spend more...
 Quoting: BRIEF


+1
Anonymous Coward
User ID: 32715303
United States
02/05/2013 10:06 AM
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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
It's pathetic!

No matter how much you make, you can always spend more...
 Quoting: BRIEF


+1
 Quoting: Vinyard



No matter how much you make, THEY CAN TAKE MORE,
ceawaves

User ID: 28704314
United States
02/05/2013 10:08 AM

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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
It's pathetic!

No matter how much you make, you can always spend more...
 Quoting: BRIEF


+1
 Quoting: Vinyard



No matter how much you make, THEY CAN TAKE MORE,
 Quoting: Anonymous Coward 32715303


word. No point in it anymore.. stop feeding the beast~
Anonymous Coward
User ID: 1243271
United States
02/05/2013 10:12 AM
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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
The sad thing is that with all of the new laws and tax we are all going to be on the ragged edge of poverty.

Rush Limbaugh said yesterday that the IRS states that the new Obama care thing will cost us a minimum of $4000.00 per person, that really adds up in a family.

Oh, and here is the clincher, the Muslims and Congress are EXEMT from this Mandatory tax/fee or what ever they are calling it.
Anonymous Coward (OP)
User ID: 33730130
02/05/2013 10:34 AM
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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
The sad thing is that with all of the new laws and tax we are all going to be on the ragged edge of poverty.

Rush Limbaugh said yesterday that the IRS states that the new Obama care thing will cost us a minimum of $4000.00 per person, that really adds up in a family.

Oh, and here is the clincher, the Muslims and Congress are EXEMT from this Mandatory tax/fee or what ever they are calling it.
 Quoting: Anonymous Coward 1243271


hiding
Anonymous Coward
User ID: 32538141
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02/05/2013 10:38 AM
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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
It's more than half since most are in debt up to there eyeballs.
 Quoting: Lorax


the idiots ruin for the rest of us

when going for a job now ; even before the interview they ask two things

1. do you have debt
2. have you been convicted of a crime

it is sickening for us who are normal to have to deal with this

just shows how degenerate this country really is
ricky retardo
User ID: 1716234
United States
02/05/2013 10:48 AM
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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
It's pathetic!

No matter how much you make, you can always spend more...
 Quoting: BRIEF


+1
 Quoting: Vinyard



No matter how much you make, THEY CAN TAKE MORE,
 Quoting: Anonymous Coward 32715303


both of these are true for me.

We paid 10K in federal taxes and they still want more. Fuckers. I work 60 miles from home and the gas is killing us. And food costs are insane.

When will it end???
BRIEF
Rebel with morals

User ID: 381742
United States
02/05/2013 11:13 AM

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Re: Nearly Half Of American Families Live On The Edge Of Financial Ruin
It's pathetic!

No matter how much you make, you can always spend more...
 Quoting: BRIEF


+1
 Quoting: Vinyard



No matter how much you make, THEY CAN TAKE MORE,
 Quoting: Anonymous Coward 32715303


both of these are true for me.

We paid 10K in federal taxes and they still want more. Fuckers. I work 60 miles from home and the gas is killing us. And food costs are insane.

When will it end???
 Quoting: ricky retardo 1716234


suicide
With freedom comes responsibility.

Heterosexual pride!

Briefcut4892

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