Monday, July 04, 2011
July 4th, 2011. Nearly 50% of Americans do not have pot to piss in.
A new study by the National Bureau of Economic Research shows 50% of Americans would struggle to come up with $2,000 in a pinch, for example in the event of an unanticipated car or home repair, a large medical bill or legal expenses. This is not a good sign for our economy if that many people are on the brink of a financial catastrophe. It makes me wonder just how many in Humboldt County are at this threshold. Working poor? More like working broke.