Hitting the Financial Precipice
ARE WE THERE YET?
Seems like a good bulk of the US population is approaching the financial precipice. Been reading how health insurance (for people lucky enough to enjoy) have increased 3-5 fold with employers in 2024. The cost of everything becoming prohibitive. Massive layoffs. The media adds salt to the wound by touting strong metrics.
Painful awakening for many.
I volunteer worth an organization that rescues children from trafficking.
Ever year there's a big donation in person dinner. Big donations I've seen are anywhere from $20k-90k, as small as $200. Average is probably between $2k-5k.
This past year? I've never seen the person with the mic repeat themselves 3 times if anyone wants to donate to some of the needs. Everyone in the room was silent. It was awkward, but moreso a show of how hard the economy got hit. I've been going for about 11 years, never seen this before.