Sadly, as more and more jobs are lost, I think we will see more and more people in trouble.
My area has lost more than 4000+ jobs since mid-January, and more jobs are being lost on a daily basis...as once again it's a ripple effect.
As people worry about their jobs and hanging on to whatever money they can....they shop less, go out to eat less...then those jobs are laid off too.
My runnin' buddy's son works at a restaurant where we have hung out at for years (both my daughter and her's worked there when they were in high school and college). Peter is in college now and in an apartment....he's gone from working 10 shifts a week to 3, and some nights he's off by 8 or earlier. This is a restaurant, that when our girls worked there....first as hostesses then servers....the girls were pulling in minimum $150-250 a week in tips!(mine was making $22-25,000/yr while in school)....he's lucky if he's making $50 a week. He has a roommate, and she's supplementing his income by paying his rent, as she wants him to finish school.
I saw where the Hardee's up the road from me closed last week....that leaves a Mickey D's, Domino's and a Subway up there for convenient fast food. I don't know how much that is location, people's eating habits or the economy. I know they were busy in the mornings for breakfast, but I don't know about the rest of the day.
Regardless, my point was that it used to be....if one lost their job, they could at least find temporary jobs. Now, the unemployment rate is going to continue to climb as the economy continues to decline.
We are in a vicious cycle that seems to be just spinning faster out of control......