I have sympathy for those who have been or will be hurt. However, how many are true victims (meaning circumstances clearly beyond their control)? Whether it’s credit cards to pay for groceries or home equity to finance consumption, there are alternatives.
On another thread, I related a story a hair stylist gave me about her family’s expenses. She claimed to have cut $600 in monthly expenses.
If things get as dire as you predict, the hair stylist will not be alone.
