So, most of you have heard about job loses rising throughout the US. I get the feeling that those in the unemployment environment will fail to find work before their benefits run out. What does that mean to you? It means the worst has yet to come. Although most people are holding on to a fine thread when it comes their financial security, many have not been able to concrete themselves. Whether that means to spend less, save more, or find work, their problems are going to affect everyone's life.
Just how securities collapsed, people will collapse. When securities failed and the bailed out fleshed out, the people that caused this; that had not paid their mortgages were not affected the slightest. Their eviction likely meant a handful of rent free months and time to look for a place to rent. That's all well and good; this was the norm, but the institutions that had been affected would now unemphatically tighten their belts.
To those that could not afford to make payments on mortgages, or had re-financed, or lost their job, savings must be a low priority. With the unemployment at an all time high and with so many people still not forced out of their comfort zone, I fear people are not properly prepared for job loss or loss of unemployment benefits.
Aside from savings, violence will soon become an issue. Having never been a victim of a crime, I have this general assumption that many people have been willing to live in bad neighborhoods. With crime levels at all time lows, although obviously on the rise, people generally feel safe. Crime will get worse and will get out of hand to the point that it will affect society in a more mainstream way. Whether that be by way of more abandoned buildings, general lose of safety anywhere, public protests or general defiance of government, it does not matter. We will see it.
After years of positive growth, were due for something bad. When you get a sense of the greed and ignorance behind a lot of the recent growth, it makes me think we're due something I'd view along the lines of hell.
*After writing this, I've realized that this is extremely negative and probably accurately reflects my recent attitude, I'd like to make clear my message for the writing: Love your family and your neighbors, share advice and stories with them, save as much as you can and if possible, help those around you get out of debt. Mind your actions, mind your words, and enjoy your time with those you love.
