Make a list of ten close friends. No particular order and don’t worry about leaving anyone out. Take that list and answer the following questions. Is the friend currently underwater on anything; house, CCs, heathcare costs, student loans, car/boat, or are they or their spouse recently unemployed? Or have they escaped all those pitfalls but now see less money for retirement or outright postponement?
If this survey had been taken in 2006, most of our lists would contain zero in those situations.
I made my own list and it shows little unemployement but includes a distressed home, mutliple negative overall equity households and a few (but increasing) number of postponed/reduced reterments.
Feel free to post anonymous results below