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That’s right. The article says “at some point in their life”. I’m quite wealthy these days but a long time ago I was extremely poor, that was my college years. I even went hungry once in a while but you wouldn’t think it to see me now! Lot’s of us have been poor at some point but we work hard and overcome.

I think that’s the exact fallacy. Once I was in Louisiana with $20 cash to my name hoping to find work in the oil fields (yeah I know they’re mostly south of there but that’s not the point). Point was I went a week eating on something like $2 a day. So at that one point in my life I was at the poverty level. Doesn’t reflect the other 99% of my life. Yet I’d probably make the cut off for the 80%.

If someone wants to make the claim that there is more financial distress hidden amongst the shopping malls, the walmarts and the strip malls then we generally think there is - then sure - I’m in agreement.

But anyone with eyes can see that 80% isn’t even coming close to the number that are in trouble - I don’t know what that number is but it’s not 80%.