50% of American households report they couldnt survive more than A MONTH with a missed paycheck! « Investment Watch Blog

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50% of American households report they couldnt survive more than A MONTH with a missed paycheck!


No wonder our politicians will do or say ANYTHING to keep the PONZI going.

SAYS IT ALL—–

“This is flashing so bright red,” said Paul Ballew, senior vice president of Nationwide Insurance Co. “Roughly 60% of the population was ill-prepared (financially) before the meltdown.”

A MetLife study released last week found that 50% of Americans said they have only a one-month cushion — roughly two paychecks — or less before they would be unable to fully meet their financial obligations if they were to lose their jobs. More disturbing is that 28% said they could not make ends meet for longer than two weeks without their jobs.

http://www.marketwatch.com/story/fears-grow-more-consumers-just-a

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