misfortune

Precarious: One Misfortune Away From Insolvency

Authored by Charles Hugh Smith via OfTwoMinds blog, As a result, a significant percentage of households that are considered middle-class are one misfortune away from insolvency. We can summarize the changes in our economy over the past two generations with one word: precarity, as life for the bottom 90% of American households has become far more …

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