We have reached a point where two-thirds of all Americans are living paycheck to paycheck.
So what happens when millions of those people suddenly lose their paychecks during the severe economic downturn that is ahead of us?
In 2008, unprecedented numbers of Americans found themselves unable to pay their mortgages when the recession struck, and foreclosures surged to absolutely shocking levels.
Unfortunately, we have set ourselves up for the same thing to happen again.
@freepatriot Agree with your points, but the average American is a complete moron, if you/gov could magically give everyone a million dollars today without inflation or any repercussions, (it's magical remember) almost everyone with damn few exceptions would be in worse shape a year later than they are now... Then they would demand/force you/gov to give them more...
