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Well I guess that's your experience. Most of the people I know who live week to week (or have done so for periods of time) has been a result of having large mortgages and are put under financial pressure when one of two income earners loses their job or other circumstances means they drop...

In some cases the fault was clearly with the family (parents), but others not so much. For example there was the family that lived off their savings for 6 months before things got ugly... if house prices plunged like they did in the US then I think even many on Somersoft would be in trouble if...

Anyone catch the Four Corners "America's Broken Dreams"? http://www.abc.net.au/iview/#/program/30857 Stats like this make me wonder if we could head down a similar path if we had recession and mass unemployment (families living in one bedroom motel rooms and cars, etc).