In any modern economy, you can redefine a business plan that requires capital into one that does not. The problem is rather what will you live off while the business is still taking off? That is where you may need savings. But then again, it is possible for approximately anybody to cut their expenses to less than 25% of what they are today. (1) Move to a cheaper area (2) get rid of everything you can do without. And then you will see what the real problem is: They hang out to things they could get rid off. This is what it truly means: "they do not have enough money to do so".
>>>It is possible for approximately anybody to cut their expenses to less than 25% of what they are today.
I will strongly agree for consumer purchases by people at or above the median household income in America. Strongly disagree for medical purchases, since if you try to save money you may die.
I'd love to see some numbers or studies to prove your claim as it applies to Americans in poverty. Even some anecdotal math would be fine, using craigslist apartments and bus ticket costs and food costs and medical costs and etc. Poverty line is 23,050 for a family of 4.
November 2012: 20% of American children live in poverty
The poverty numbers are cooked to drum up support for the socialist welfare apparatus. For example, if a 17 year old's family moves and they stay behind with a friend's family, they are classified as a "homeless child".
Note: Poverty in my post is intended to mean "low income". I understand that homeless means "without home". How does your post relate to the part of my post that you quoted?
Additionally, do you have any evidence for your assertion?
