Not Prepared: 17 Signs That Most Americans Will Be Wiped Out By The Coming Economic Collapse

TheEconomicCollapseBlog ^ | 6/25/13 | By Michael

[Kartographer]

#1 According to a survey that was just released, 76 percent of all Americans are living paycheck to paycheck. But most Americans are acting as if their jobs will always be there. But the truth is that mass layoffs can occur at any time. In fact, it just happened at one of the largest law firms in New York City.

#2 27 percent of all Americans do not have even a single pennysaved up.

#3 46 percent of all Americans have $800 or less saved up.

#4 Less than one out of every four Americans has enough money stored away to cover six months of expenses.

#5 Wages continue to fall even as the cost of living continues to go up. Today, the average income for the bottom 90 percent of all income earners in America is just $31,244. An increasing percentage of American families are just trying to find a way to survive from month to month.

#6 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#7 Small business is becoming an endangered species in America. In fact, only about 7 percent of all non-farm workers in the United States are self-employed at this point. That means that the vast majority of Americans are depending on someone else to provide them with an income. But what is going to happen as those jobs disappear?

#8 In 1989, the debt to income ratio of the average American family was about 58 percent. Today it is up to 154 percent.

[Marcella]

“Even if everyone stored enough food or supplies to survive a couple of months, many of them would not see any point in continuing the struggle. They wouldn’t survive the shock.”

That could happen to some very elderly people, but the will for a body to survive is very strong and those who say they would just die, when that choice comes, will fight for life.

Plus, as far as the elderly is concerned, how old is elderly? It isn't 80.

[TEXOKIE]

Just saw this as I pulled up the computer:

http://news.yahoo.com/blogs/sideshow/giant-caves-once-used-military-now-billed-best-214536268.html

[wku man]

"It's only theirs if they can protect it."

Yup. Too many people can't fathom this, though.

Scouts Out! Cavalry Ho!

[Partisan Gunslinger]

The free trade policies our nation has pursued over the past 25 years have consequences with respect to employment as well as national security.

It's the taxes and regulation, not free trade that causes the problems. Lower the corporate tax and bring back common-sense regulation and we can be as self-sufficient as we ever were.