Quote:
Originally Posted by Brian Swartz
As I said, I can't read that because paywall. But let's take that as being true, which would mean that what I personally observed with my own eyes was somehow just localized to my area and not a widespread phenomenon. That's quite possible. It still begs the question of where people are getting the money to live on from. It has to come from somewhere.
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I lived like this back in 2019 when I was in between careers. Didn’t have much saved up (maybe $6k).
1. Three weeks of unemployment benefits paid my mortgage.
2. Cashed in a life insurance policy that I no longer needed which got me another $6k.
3. Ran up credit cards.
#3 is what kept me afloat. Of course those chickens all came home to roost eventually.