Conversely, there a precious few who have been like the farmer who suffered droughts, over which he had no control and his crops failed.
But, MOST of these people overextended themselves by being greedy...wanting to live beyond their means and it caught up with them. They dug themselves a pit and it should be left up to them, to dig themselves out.
I am not being smug. I have worked all my life, lived within my means, sacrificed and saved. I have a decent, but modest, home. I have no mortgage. My vehicles are reliable and ample for my needs, but far from new. My machinery is in good repair and sufficient for my uses.
I too would be up Dung Creek sans a paddle had I bought a $350K home, a$40K truck and bunch of other goodies trying to impress the neighbors.
I"m not poor, neither am I rich. I recognized my financial capabilities and live within them. For those who wanted to do more and couldn"t...I feel no responsibility for their folly and current predicament.
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