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RE: Preparing For Job Loss: Savings
I don't remember the statistic, but a large percentage of Americans live paycheck to paycheck. God help us during the next recession when their is massive job loss. It is going to be ugly.
Something like 70% of Americans don't have over $1,000 in savings.
Blockchain technology and STEEM will hopefully lower the percentage on that statistic
This is scary. Everything I hear is that the next recession will make the 2008 recession look like child's play. I pity what will occur when this happens.
Agreed, this has been an unfortunate wake up call for me but I'll use it wisely. My plan is multiple smaller income streams instead of being dependent on a single job. The other obvious part of the plan is to save more.