Ralph and I read a lot. We keep abreast of the news as best we can. I have to admit it is discouraging sometimes but we beleive we have to know as much as we can.
We found this blog and enjoy it for the facts and honest, well researched and documented articles. I felt I had to repost this article and Ralph agreed. So here is a repost from 
The Economic Collapse Blog.
During The Coming Economic Crisis Two-Thirds Of The Country Will Be Out Of Cash Almost Immediately
By Michael Snyder, on October 10th, 2016
Did you know that almost 70 percent of the U.S. population is 
essentially living paycheck to paycheck?  As you will see below, a brand
 new survey has found that 69 percent of all Americans have less than 
$1,000 in savings.  Of course one of the primary reasons for this is 
that most of us are absolutely drowning in debt.  In fact, the total 
amount of household debt in the United States 
now exceeds 12 trillion dollars. 
 So many Americans are so busy just trying to pay off their existing 
debts that they can’t even think about saving anything for the future.  
If economic conditions remain relatively stable, the fact that so many 
of us are living on the edge probably won’t kill us.  But the moment the
 economy plunges into another 2008-style crisis (or worse), we could be 
facing a situation where two-thirds of the country is in imminent danger
 of running out of cash.
If you are living paycheck to paycheck, you live under the constant 
threat of your life being totally turned upside down if that paycheck 
ever goes away.  During the last crisis, millions of Americans lost 
their jobs very rapidly, and because so many of them were living 
paycheck to paycheck all of a sudden large numbers of people couldn’t 
pay their mortgages.  As a result, multitudes of American families went 
through the extremely painful process of foreclosure.
 Unfortunately, it appears that we have not learned anything from the 
last go around.  According to the brand new survey that I mentioned 
above, 
69 percent of all Americans have less than $1,000 in savings…
""Last year, GoBankingRates surveyed more than 5,000 
Americans only to uncover that 62% of them had less than $1,000 in 
savings. Last month GoBankingRates again posed the question to Americans
 of how much they had in their savings account, only this time it asked 
7,052 people. The result? Nearly seven in 10 Americans (69%) had less than $1,000 in their savings account.
Breaking the survey data down a bit further, we find that 34% of 
Americans don’t have a dime in their savings account, while another 35% 
have less than $1,000. Of the remaining survey-takers, 11% have between 
$1,000 and $4,999, 4% have between $5,000 and $9,999, and 15% have more 
than $10,000.""
Perhaps the most alarming fact from this survey is that 62 percent of
 all Americans had less than $1,000 in savings last year.  So that means
 that this number has gotten 7 percent worse over the last 12 months.
How did that happen?  I thought the mainstream media was telling us that the economy was getting better…
Look, if you don’t have an emergency fund you are in danger of losing 
everything.  This is a point that I have been making over and over again for years, and in an article about this new survey 
USA Today made this point very strongly as well…
 ""This data is particularly worrisome since the recommendation is for Americans to have six months in expenses saved in case of an emergency, such as a large medical expense, car repair bill, or losing your job. Without this emergency fund to fall back on, millions of Americans could be risking financial disaster.""
As the publisher of 
The Economic Collapse Blog, people are constantly asking me what they should do to get prepared for what is coming.
The number one thing that I always suggest is to build up an emergency fund.
In a chaotic situation it is always hard to anticipate accurately 
what is going to happen, but without a doubt we are all going to need to
 continue to pay our bills and to buy things for our families during the
 next crisis.
Yes, someday the U.S. dollar will become rather worthless, but until 
that happens you are going to need to continue to put a roof over the 
heads of your family and to put food on the table.
And you are going to need money to do those things.
Some time ago, the Federal Reserve also found that a large percentage
 of Americans are living on the edge of financial disaster.  They 
discovered that 
47 percent
 of all Americans could not even come up with $400 to pay for an 
unexpected emergency room visit without borrowing the money or selling 
something that they own.
If you can’t even come up with $400 you are really hurting, but that is the status of about half the country these days.
We are continually being told that the economy is strong, but that is simply not the truth.
In fact, it turns out that the period from 2005 to 2015 was the worst period for per capita real GDP growth 
in modern American history.  The following comes from 
Zero Hedge…
- Growth was unusually strong in the 1960s and early 1970s.
 In every year from 1966 through 1973, per-capita income was up between 
30 percent and 40 percent from a decade earlier. Thus, it’s not 
surprising that many Americans recall this as a great period for the 
nation’s economy.
- In every year from 1984 to 2007 — a period that economists 
call the Great Moderation, because of the way both growth and interest 
rates stabilized — per-person income was up between 20 percent and 30 
percent from a decade earlier. That’s ample reason for Americans to view this as a good period for the economy.
- Cumulative per-person growth from 2005 to 2015 was lower than in any prior decade in the sample. That certainly helps explain why many Americans are unhappy with the nation’s recent economic performance.
 
 And as I repeat over and over, Barack Obama is on track to be 
the one and only president in all of American history
 to never have a single year when the economy grew by at least 3 
percent, and he has had eight years to try to accomplish that feat.
Why doesn’t 
Donald Trump ever bring up that amazing fact?  I would think that he could get a lot of mileage out of that number.
At this point, nobody can deny that the middle class is shrinking.  
61 percent of all Americans lived in middle class households in 1971, but now the middle class makes up a minority of the population for the very first time in our history.
Back in 1970, the middle class brought home approximately 
62 percent of all income, but today that figure has plummeted to just 43 percent.
Those that are still doing well often dismiss those that are 
struggling by barking out such phrases as “get a job”, but the truth is 
that getting a good job is not so easy these days.
The most recent statistics show that there are 
7.9 million Americans that are considered to be officially unemployed.  When you add that number to the 94.1 million
 working age Americans that are considered to be “not in the labor 
force”, you get a grand total of 102 million working age Americans that 
do not have a job right now.
And just because you do have a job does not mean that everything is okay.  As I have discussed previously, 
51 percent of all U.S. workers make less than $30,000 a year according to the Social Security Administration.
Everywhere you look things seem to be getting worse and not better.  Not too long ago I documented the explosion of 
tent cities
 all over the country as poverty continues to rise, and I discussed how 
one study found that some young women in our impoverished inner cities 
are so desperate that they are actually trading sex for food.
Sadly, it isn’t just a few hard cases that we are talking about.  
Even in areas of the country that are supposed to be “doing well” we are
 seeing record-setting poverty numbers.  For example, it was recently 
reported that the number of New Yorkers sleeping in homeless shelters 
just set 
a brand new all-time high, and the number of New York families permanently living in homeless shelters is up 60 percent over the past five years.
If things are this bad during an “economic recovery”, what are they going to look like once the economy really starts imploding?
 
 And considering the fact that almost 70 percent of the population has
 virtually no savings, could our nation handle an extended economic 
downturn that may be even worse than what we experienced in 2008 and 
2009?
As a nation we truly are living on the edge, and it isn’t going to take very much at all to push us into oblivion.
 
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 I hope you enjoyed this article. This blog is worth a look and I am sure a lot of you know about it. Saving money is difficult when people are heavily in debt and since we live beside a  highway near lakes and rec areas we see an amazing amount of debt drive by in the shape of fancy ATV's, Boats, Horse trailers, brand new Vehicles, and high end motorcycles. Then we also see Garage sale after garage sale with people selling things to get extra cash. There are also liquidation places that sell pallets of goods that people sell in flea markets to make extra money. In fact we find several neighbors have had a job loss in the family and the are trying to  make ends meet and to fill the job loss income by flea marketing or selling baking and the like.
After the Presidential debate last night Ralph and I talked long into the night. We evaluated all that we have done and are doing to be prepared. We live on a fixed income. We are in a fairly good position. We have no land payment, we have food and the ability to raise and grow more. We have a seed bank reserve. We are healthy and active and we have a plan.
God Bless you all and be safe.