A series of devastating medical bills for my daughter's premature birth wiped out our savings years ago and left us with a mountain of debt.
Toss in another miscarriage, another high-risk pregnancy, a battle with cancer, two knee surgeries for my husband, and then a year of having to replace every appliance in the house (at least they had the courtesy to fail in order, one a month - including a $10K HVAC in the dead of winter), yeah...the SHTF over here.
What we didn't do: shirk our duty, not pay our bills 100%, look for handouts, go on government plans, or make excuses.
What we did do: give to our church, donate to charity, buy consignment, shop at Good Will, not take vacations, build our own furniture/deck/patio, stretch every dollar, live with what we had, cut our own hair, fix our own roof/cars/you name it.
Still have a fantastic credit rating, $180K in retirement accounts, a roof over our head, 3 healthy kids, and two gainfully employed individuals.
So no, not everyone hanging on is an Obama voter. Sometimes when it rains, it POURS. For my family, it's been pouring for a DECADE.
Aren’t retirement accounts considered savings?