I live on the poor side of the rich-poor divide and am starting to fret about the global stock market crisis, which seems to be on a never-ending slippery slide. I live with my parents who have quite a bit of debt and aren't high-earners, I think my dad owns a few shares in the company he works for, but not much. How is all of this going to affect the rich and poor classes and what would be a solution in trying to stabalise the slump? How would a solution affect the rich and poor classes? If a solution is not found, what will happen?
It should bring you and the rich a lot closer together, As they may no longer be rich and how much poorer can you really get?
The solution is spend less then you earn and be happy with what you have, That way no matter what happens your not affected.