I was out of work for four months but have lived off the severance package. No mortgage. Only $5K on the credit card.
Stopped getting the liberal rag back in the ‘90s. Rarely buy music anymore. Pushed the thermostat up a little higher in the summers and down a little lower in the winters.
No magic genies though. Hyperinflation or a second recession will likely kill a lot of us financially. We’ll be working (if we’re lucky enough to have jobs) until the day we keel over at our desks.
your fortunate to have no mortgage. mine is over $100k underwater. and it’s just me and my child now.
and you said:
“Hyperinflation or a second recession will likely kill a lot of us financially.”
sadly, i think we are ALREADY in it.
if the gov. used it’s own figure for GDP, it would have been -3 for 1st Q, instead of the 1.8 they reported.
http://www.freerepublic.com/focus/f-news/2727239/posts
What GDP Growth Would Look Like If The Government Were Using The Right Inflation Numbers
...a top finance guy on Drudge today, said we are entering a full blown depression. Chicago manufacturing index is at record low. other things i don’t understand, but sound bad. i took out half of the little i have in retirement.
...not trying to sound gloomy. the 10 in the Bible were praised for being ready with extra oil. so, i’m just preparing the best i can, and praying.