Fortunately, most people in America are not penniless - but a whole lot of them are already broke and they just don't realize it, OR they just don't recognize the signs of looming disaster that will get them there faster than you can say "amen."
The average American has less than $1,000 in savings with no emergency plan in place. Instead of building up a savings account (or reducing debt), most people have a false sense of security as long as there is a little room left on a credit card to tap into when/if they need to. Does borrowing more money to pay against borrowed money make sense to you? That old saying "Robbing Peter to pay Paul" comes to mind.
Mishaps happen to everyone...death...disease...divorce...and when they do, the only thing that can possibly make the situation worse is having to deal with bills you can't pay or increasing debt while you charge-away your living expenses.
There is a way to prepare for an imminent disaster, but first,...