Those responsible citizens who have saved, got up each morning and continued to work instead of accepting gubment cash to stay home and generally have their finances in order can weather the storm.
It’s the ones who took freebees every chance they got, stayed home for the past two years, and to did not care to save a dime who are really going to feel the pain of what is coming.
Correct! We can weather the storm. No debts, savings in multiple banks and credit union (primarily credit union in case banks fail), and some cash on hand.
We've advised our daughters to do likewise - not carry credit card debt, and to stop frivolous purchases (such as pampering their cats with big expenses). We can all weather the storm if we prepare.