Posted on 06/25/2013 3:02:39 PM PDT by 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.
(Excerpt) Read more at theeconomiccollapseblog.com ...
“If you have $800.00 in the bank and your next paycheck is say $1200.00 but your bills dues when you get that check are $1500.00. What would you call that?”
For a Democrat I’d call it business as usual.
(-:
So you got the chickens drunk before your froze them? How considerate! ;-)
No a ‘DemomRat’ spends a few hundred on basketball shoes a another couple hundred on drugs and alcohol and so on and then makes up the shortfall with section 8 and food stamps. ;-)
Hahahaah!!!
The thing most people don’t think about.... a good hand pump suitable for gasoline. The guy with the ability to pump gasoline out of underground tanks will have an advantage for a while....
I don’t think EVERYONE would tell the truth...maybe?
I never turn my nose up at good forage.
/johnny
It would be a shaky business at best with a good chance of being robbed or overrun.
Hurricane Sandy Gas Station Riots
http://www.youtube.com/watch?v=yqSGgBzpHEY
Although I didn’t know it at the time, the Normalcy Bias caused me to watch my portfolio dive by 40% in the tech crash of 2000. I was shocked, in disbelief as I watched all that real-time data stream through, paralyzed.
It is real and it can lead to very bad times.
It will boil over in the Democrat urban welfare ridden city centers first. Detroit, Chicago, Oakland, Philadelphia, etc. The urban takers will take whatever they can get their hands on. The day the gubmint don't reload momma’s free sh*t debit card, riots will ensue. However, when the takers try to encroach on maker neighborhoods, they will learn very quickly makers tend to have the means to defend themselves, their family, and their property, several times over. Of course the Blue states will be hit the hardest as they have tried very hard to keep residents from having the means to defend themselves. In those states where the criminals are better armed than the populace, you are likely to see some real Mad Max kind of stuff.
Your life is truly blessed to be able to have those things.
I am very much stuck in the rat race trying to meet family obligations in my prime earning years. Someday, I would like to live on some good acreage and live more self-sufficiently. But for now, I live in this apartment in suburban hell working just to pay off family debt and ensure my kids finish college.
Good luck to you. You sound like you have a very positive outlook and will do well in the future.
My dad told similar stories about the Turks in Korea. This was well post-war, 1963 timeframe.
Oh I wouldn’t be in the gasoline business. Takes electricity to make traditional pumps work. I’d just have the ability to fill a couple of barrels at night (when needed)
“On this topic, what do I do with all the bodies of looters that come onto my property to do me harm?”
Use the bodies to re-inforce the ramparts.
I guess that was rather poorly written, but at least the chickens died happy........
Continued thanks for your wonderful threads.
#15- 53 percent of all Americans do not have a 3 day supply of nonperishable food and water in their homes.
That is 53 out of 100 people do not have a 3 day supply of nonperishable food and water in their homes.
That is where lawlessness will come from first those 53 people out of 100 with no water or food they cant go past one or two days if they even have that as they have less than a 3 day supply.
I didnt think the number would be as high as that I was counting on people having from three to five days but if these numbers in this article are true, riots will start in no more than 2 days. I dont know anything we can do about that except encourage people to store water and food and other necessities so they will live.
Freudian slip?
/johnny
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