The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Yogizuna who wrote (137049)	7/28/2008 11:30:23 AM
From: Jim McMannis	Read Replies (1) of 306849

Why millions of people may be just 11 days from financial ruin dailymail.co.uk Unemployment could soar to 2.5m over the next two years 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.

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