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Trouble!

"I See No Way Out": 

Countless Americans Still Living Paycheck To Paycheck

A recent Philly.com article noted that, despite the supposed economic "boom", professionals like real estate agents, farmers, business executives and even computer programmers are all still living paycheck to paycheck. Responding to a Washington Post inquiry on Twitter, millennials, Generation Xers and baby boomers that work in a range of geographic areas claim that they have simply been unable to save as rent, childcare and student loans have all gotten in the way. 

Americans living paycheck to paycheck were highlighted in a recent report from the Federal Reserve that showed: 

 Four in ten adults say they couldn’t produce $400 in an emergency without going into debt or selling something.

The Arrival Of The Credit Crisis

Those of us who closely follow the credit cycle should not be surprised by the current slide in equity markets. It was going to happen anyway. The timing had recently become apparent as well, and in early August I was able to write the following: 

“The timing for the onset of the credit crisis looks like being any time from during the last quarter of 2018, only a few months away, to no later than mid-2019.” ^[i]

 DYI