AMERICANS ARE IN DEEP TROUBLE: 23% SAVE NOTHING FROM PAYCHECKS | WHAT REALLY HAPPENED


AMERICANS ARE IN DEEP TROUBLE: 23% SAVE NOTHING FROM PAYCHECKS

Americans continue to dig themselves in a deeper and deeper hole. While many have no savings, they continue to pile on the debt and liabilities. All of these problems will make the next recession difficult for most to get through financially.

Webmaster's Commentary: 

Where you can, strip down; move to a smaller place, if you are renting; make sure you have some physical gold and silver in your personal possession; don't have any more money in the checking account than is absolutely necessary.

Don't buy on credit, particularly if your interest rate is floating; the next time the bill comes up, you may be in for a huge shock.

Pay off the smallest balance on your credit card, then when it is paid off, use that money to pay off your second smallest balance.

Repeat until the last bit of your most heavily used card is paid off. That will really go toward building your credit score positively.

Comments

What do you expect....

typeviic

from a service-sector economy.

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