If Americans aren’t saving money like they used to, how do they survive when they get laid off?

Posted by Billym on Sep 21st, 2009 and filed under Credit Crunch Questions. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

The point of saving money is so that you'll have something in case you hit some financial bumps in the road. This allows you to keep yourself afloat until you find another job.

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1 Response for “If Americans aren’t saving money like they used to, how do they survive when they get laid off?”

  1. Michelle J says:

    They start stacking up the debt. I can’t imagine how people can have credit card debt up to their ears… like enough that they’re unable to make the even the minimum payments every month. It just blows me away! Granted, I haven’t always been able to write a check to pay off my credit cards every month, but at least a good chunk of it, and I catch up the next time around! How can people live with themselves that way, and still stop by Starbucks EVERY morning???

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