Incredibly, this just in from NOT the WSJ but the NYT!
27% of Americans have NO personal savings.
34% of Americans have NO retirement savings.
Of course, many are buried under bad and underwater home loans, pensions no longer exist, and unemployment (the 'real' number, not the unicorn & skittles 'official' number) rages. Nonetheless...
- is this bad money management or ignorance?
We are seeing the middle-class's Stalingrad today, will it be a prelude to their Kursk?
Sunday 13 February 2011
Prelude to.....from Rico
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