[djf]

A while back on one of the talk shows they had an investment advisor on from IIRC like Money.com or somesuch.

They were talking about savings rates in America. This fellow said SEVENTY PERCENT of Americans are LIVING PAYCHECK TO PAYCHECK.

Now the figure seemed high to me. But even if you give him the benefit of the doubt and call it fifty percent, thats still an astounding amount. And I'm guessing a great many of these folks have mortgages.

The slightest burp in the economy could have some interesting effects.

Anybody ever hear of the Civilian Conservation Corps?

[RSmithOpt]

YUP....The CCC built a lot of roads and trails into the national parks, etc. back in the 1930's

[zek157]

Hand in hand with paycheck to paycheck living is low 401K accounts. The average balance is around 50-60K at a time we all are living longer and defined benefit plans are disappearing.