However, for many North Americans, the collapse is here. This isn't relegated to only lower income neighborhoods. As an article from a Cinncinnati new station stated, "Hunger doesn't know a zipcode."
For many people who were formerly financially comfortable, the economic collapse has already happened, in the form of a job loss, hours that have been cut back due to Obamacare requirements for employers, an exorbitant medical bill or other crushing debt, or simply an inflation rate that has outstripped your pay increases. Despite all of the warnings, many people are still going to be absolutely blindsided.
For many families, personal finances have reached a catastrophic level - they are left to make terrible choices:
- Which utility can I live without?
- Should I walk away from my mortgage?
- Should I eat something so I can work harder or should I skip meals so my kids have food?
- Should I use the grocery money to take my child to the doctor or should I wait and hope he/she improves without medical intervention?
- Do I risk the IRS-enforced penalties by forgoing enrollment in Obamacare or should I skip that whole grocery shopping thing so I can pay the monthly premiums and enormous deductibles in order to stay in the government's good graces?
Comment: Yet another train derails...
Sure, it was cold, but it wasn't that cold, and certainly nothing the tracks and trains aren't used to.
Are train tracks deforming in unusual ways? Is this related to sinkholes opening up everywhere?