Why millions of people may be just 11 days from financial ruin
By Becky Barrow
Last updated at 10:57 AM on 25th July 2008
http://www.dailymail.co.uk/news/article-1038445/Why-millions-people-just-11-days-financial-ruin.html
More than a third of adults could survive financially for only 11 days if they were to lose their job or be too ill to work, according to a survey.
The finding gives a worrying insight into the lives of millions who are living on a financial tightrope.
Researchers looked at how much people spend every month and how much they have in savings.
It found a massive gap between the two, which means most would be crippled by a sudden change in their circumstances.
The research involved interviews with more than 2,000 adults about their typical weekly spending and their accessible savings, which excludes pension.
It found the average weekly spend is £333.56 including essentials, such as council tax, luxuries, such as eating out, and debt repayments.
But a shocking 36 per cent of people have less than £500 in savings to use in an emergency.
As a result, they could survive for just 11 days before their finances would implode.
Internet Censorship Alert
Internet Censorship Alert: Alex Jones exposes agenda to 'blacklist' dissenting sites (March 14, 2010)
As I predicted, the Obama Administration is trying to shut down the Internet - at least the parts he doesn't like. Barack Obamas regulatory czar, Cass Sunstein has stated that he wants to ban conspiracy theories from the internet. Think about what this means - Every video, every website, every blog, every email, that exposes or just criticizes the government for any reason whatsoever could be labeled a "conspiracy" and taken down. Your home could be raided in the middle of the night, and you could be carted of to jail for criticizing the government. All they have to do is call it a "conspiracy theory".
http://www.youtube.com/watch?v=aqAWmBLFodE
Saturday, July 26, 2008
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