If people can’t pay their bills, one has to wonder, how will that impact the borrowers ability to make their mortgage payments? The answer is 2008, 2000 and 1990 will be repeating, but on steroids. This creates opportunity for the astute investor.
Michael Snyder writes about how many Americans are worried about not being able to make must pay expenses such as rent due to rising cost of living.
Do you remember how painful the Great Recession was? 2008 and the years immediately following were definitely a very dark chapter in our history, but a new study has actually found that the percentage of Americans that worry they won’t be able to pay their bills is actually higher today than it was back then. Slowly but surely, our economic strength has been fading and our standard of living has been falling. Unfortunately, now we have reached a point where a very large portion of the U.S. population is really struggling.