"financial fragility"

Discussion in 'Current Events' started by Luddly Neddite, Dec 28, 2012.

  1. Luddly Neddite
    Offline

    Luddly Neddite Diamond Member

    Joined:
    Sep 14, 2011
    Messages:
    57,702
    Thanks Received:
    8,951
    Trophy Points:
    2,040
    Ratings:
    +23,932
    Early this morning and again this evening, I heard a news story that stated that half of all Americans are "financial fragile" and cannot, could not, put their hands on $2000 if they needed to.

    Elsewhere is a thread concerning being prepared for the coming of the zombies - guns and beans kinda stuff. Worthwhile for sure and we also have a storeroom with such.

    But, probably because of some really hard times, I'm fanatical about having liquid assets, money I can put my hands on.

    Any one else feel this way?

    What have you and/or your family done to prepare for a financial emergency?
     
  2. TakeAStepBack
    Offline

    TakeAStepBack Gold Member

    Joined:
    Mar 29, 2011
    Messages:
    13,935
    Thanks Received:
    1,724
    Trophy Points:
    245
    Ratings:
    +2,013
    Certainly not relied on FRNs.
     
  3. TruthSeeker56
    Offline

    TruthSeeker56 Silver Member

    Joined:
    Jul 19, 2011
    Messages:
    2,899
    Thanks Received:
    484
    Trophy Points:
    98
    Location:
    New Hampshire
    Ratings:
    +503
    Why are you so interested in how other people are handling their money and assets?

    Are you part of some left-wing polling organization? Work for the IRS?

    If you believe that collecting paper promises in some way makes you "prepared", then keep on collecting those 10s and 20s and 50s and 100s.
     
  4. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    15,415
    Thanks Received:
    3,283
    Trophy Points:
    280
    Location:
    Not There
    Ratings:
    +6,878
    $2000??
    I dare say most Americans could not lay their hands on $1000 without some difficulty.
     
  5. squeeze berry
    Offline

    squeeze berry Gold Member

    Joined:
    Nov 9, 2010
    Messages:
    8,877
    Thanks Received:
    903
    Trophy Points:
    190
    Location:
    virginia
    Ratings:
    +1,598
    if a real disaster comes down the ATMs may be off-line for a period of time.

    Some extra cash for a while would be handy.
     
  6. deltex1
    Offline

    deltex1 Gold Member

    Joined:
    Dec 15, 2012
    Messages:
    19,383
    Thanks Received:
    3,197
    Trophy Points:
    295
    Location:
    Near the Alamo
    Ratings:
    +14,880
    Buy SIRI.
     
  7. LoneLaugher
    Offline

    LoneLaugher Diamond Member

    Joined:
    Oct 3, 2011
    Messages:
    46,890
    Thanks Received:
    6,618
    Trophy Points:
    1,840
    Location:
    Inside Mac's Head
    Ratings:
    +19,194
    Oh....you dare say that, do you? Deep.
     

Share This Page