32% of Workers are running out of Money between Paychecks!
Oct 20, 2022
1 min read
Just saw this statistic.
32% of Workers are running out of money between paychecks. This includes workers making over $100k. This seems crazy, but the recession is coming.
The FED and Congress flooded the economy with "Helicopter Money" and this temporarily made people comfortable. Now those same people have lost their buying power due to the anticipated inflation, and have used up their savings.
The answer is NOT MORE GOVERNMENT HANDOUTS, but allowing the market to sort things out. This should make asset prices fall when people simply can't make their payments. Unfortunately, this will also make it harder for your tenants to pay their rent.
This is a good opportunity to search for deals.
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