Nearly half of American households live one crisis from the soup line

American truly is the land of poor souls. And I’m not talking about their immortal souls.
Fifteen percent of Americans live at or below the poverty line. They are engaged in a brutal endgame struggle.
But there are many other Americans who are just a wrong step away from economic disaster, from seeing the dusk fade on their charred dreams.
Forty-three percent of households in America — some 127.5 million people — are liquid-asset poor.
If one of these households experiences a sudden loss of income, caused, for example, by a layoff or a medical emergency, it will fall below the poverty line within three months.
They are at major risk of becoming renegade bitter-enders — both bitter and at the end.

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