Savings?
What's that ... a new dance ?
I own my home .. no mortgage, just taxes (not much on the scale of things)
We eat Asian ... lots of rice, veggies and a little meat (basically .. of COURSE there's other stuff ... SHE may be Asian but I'M by God a sugar lovin' AMERICAN .. )
We don't drive much .. church .. shopping .. visiting the kids .. all local
So unless something tragic happens ... we survive comfortably
Most importantly ... we tithe.
We just can't have any change in the demands on us.
I refuse to get food stamps which I'm sure we'd qualify for and so far, no LIHEAP fuel gift from the gummint. (I burn fuel oil supplimented with about 6 cords of firewood each winter)
Anybody with adequate savings will be ok.
Short term sure - long term not so much. Helicopter Ben and his successor are destroying the US dollar and all your savings. This is by design - IMHO someday in the not too distant future (after all the IRA and 401K have lost their tax deferred status) - this socialists wealth distribution will have driven the middle class to extinction, and EVERYONE still here will be dependent on uncle Sam. The "wealthy" will have moved off shore to escape what is happening.
