Those with no debt did best. They were the new rich. The rest lost everything.
It would also be a good idea to acquire knowledge, a craft, right now as well. It could be the most valuable thing you own during hard times.
Instead of buying, pay of your debts. You'll be much better off because of it.
“Those with no debt did best. They were the new rich. The rest lost everything.”
Debt slavery is no way to live.
I think it’ll be real interesting to see how this all works when people start getting in the habit of using cash instead of credit cards.