Tuesday, October 24, 2006
Many US Families Living One Paycheck Away from Disaster
The worrying practical analysis -- and one becoming all too familiar --that says there is "unprecedented" financial pressure on a growing number of middle class families who live "passing each other in the driveway" just to earn enough to meet basic expenses. Households are gradually losing their grips on economic security and, with little or no savings, finding themselves less likely than ever to withstand a financial crisis of illness or unemployment. Not so different it seems from their British cousins.