{"id":5986,"date":"2015-02-24T19:37:07","date_gmt":"2015-02-25T00:37:07","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5986"},"modified":"2015-02-24T19:37:07","modified_gmt":"2015-02-25T00:37:07","slug":"14-signs-that-most-americans-are-flat-broke-and-totally-unprepared-for-the-coming-economic-crisis","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5986","title":{"rendered":"14 Signs That Most Americans Are Flat Broke And Totally Unprepared For The Coming Economic Crisis"},"content":{"rendered":"<h3><a href=\"http:\/\/theeconomiccollapseblog.com\/archives\/14-signs-americans-flat-broke-totally-unprepared-coming-economic-crisis\" target=\"_blank\">14 Signs That Most Americans Are Flat Broke And Totally Unprepared For The Coming Economic Crisis<\/a><\/h3>\n<p>When the coming economic crisis strikes, more than half the country is going to be financially wiped out within weeks.\u00a0 At this point, more than 60 percent of all Americans are living paycheck to paycheck, and a whopping 24 percent of the country has more credit card debt than emergency savings.\u00a0 One of the primary principles that any of these \u201cfinancial experts\u201d that you see on television will teach you is to have a cushion to fall back on.\u00a0 At the very least, you never know when unexpected expenses like major car repairs or medical bills will come along.\u00a0 And in the event of a major economic collapse, if you do not have any financial cushion at all you will be a sitting duck.\u00a0 Yes, I know that there are millions upon millions of families out there that are just trying to scrape by from month to month at this point.\u00a0 I hear from people that are deeply struggling\u00a0<a title=\"in this economy\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/44-percent-u-s-adults-employed-30-hours-per-week\">in this economy<\/a>\u00a0all the time.\u00a0 So I don\u2019t blame them for not being able to save lots of money.\u00a0 But if you are in a position to build up an emergency fund, you need to do so.\u00a0 We have been experiencing an extended period of relative economic stability, but it will not last.\u00a0 In fact, the time for getting prepared for the next great economic downturn is rapidly running out, and most Americans are not ready for it at all.\u00a0 The following are 14 signs that most Americans are flat broke and totally unprepared for the coming economic crisis\u2026<\/p>\n<p><strong>#1<\/strong>\u00a0According to a survey that was just released,\u00a0<a title=\"24 percent\" href=\"http:\/\/www.cnbc.com\/id\/102442205\" target=\"_blank\">24 percent<\/a>\u00a0of all Americans have more credit card debt than emergency savings.<\/p>\n<p><strong>#2<\/strong>\u00a0That same survey discovered that an additional\u00a0<a title=\"13 percent\" href=\"http:\/\/www.cnbc.com\/id\/102442205\" target=\"_blank\">13 percent<\/a>\u00a0of all Americans do not have any credit card debt, but they do not have a single penny of emergency savings either.<\/p>\n<p><strong>#3<\/strong>\u00a0At this point, approximately\u00a0<a title=\"62 percent\" href=\"http:\/\/theeconomiccollapseblog.com\/archives\/verge-next-economic-crisis-62-percent-americans-living-paycheck-paycheck\">62 percent<\/a>\u00a0of all Americans are living paycheck to paycheck.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>14 Signs That Most Americans Are Flat Broke And Totally Unprepared For The Coming Economic Crisis When the coming economic crisis strikes, more than half the country is going to be financially wiped out within weeks.\u00a0 At this point, more than 60 percent of all Americans are living paycheck to paycheck, and a whopping 24 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[195,236,239,246,2924,3762,702,827],"class_list":["post-5986","post","type-post","status-publish","format-standard","hentry","category-economics","tag-debt","tag-economic-collapse","tag-economic-crisis","tag-economy","tag-emergency","tag-emergency-savings","tag-savings","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5986","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5986"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5986\/revisions"}],"predecessor-version":[{"id":5987,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5986\/revisions\/5987"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}