Replies to post #86503 on Mohacsy's Safe Portfolio Member Forum

[n4807g]

It didn't take me long to get to the crux of the matter:

Second, our results suggest that many businesses are financially fragile. The median firm with expenses over $10,000 per month has only enough cash on hand to last for two weeks. Three-quarters of respondents state that they only have enough cash on hand to cover two months of expenses or less.

Unfortunately, money management in the USA is mostly , at best misunderstood, and generally nonexistent. The quote above doesn't surprise me at all. It's amazing how relatively simple it is to generate reasonable cash reserves over time and there's been ample time since the 2008 debacle to rebuild a sizeable cash reserve.