re: Who is ready for the next big financial crisis?

I make over 50 now. Reason it got the way it is is 2 y ew arsenal ago my wife broke her back. She didn't sign up for disability so she was out of work and I was making probably 23k. Basically lived off credit cards. We are still getting hit with different appointments and things trying to cut. The pain. But I panicked and got my cdl so I could make more money. Hopefully we can dig ourselves out of the hole that we made for ouraelves. Soon.

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I have about 2500 in the bank. No 401k. No other accounts. 12k in credit card debt. How fricked am I?

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Your credit score is probably not so good, depending on how many credit card accounts you have open and the balance compared to the credit limit. It's not hard to improve your score though if you can pay some of them off and close the accounts. Or get a card with a promotional deal like no interest on balance transfers for 18 months, and then transfer the balance on a high interest card. That way you're paying off more of the principal every month instead of paying interest.

Ideally you would have two credit cards tops, with the balance no higher than one third of the credit limit. If your balance is higher than one third of the credit limit, your cards are actually working against you and hurting your credit score.

I feel you, man. I worked for 8 years with a state agency, was nearly vested in the state retirement, all was going good. Then lost my job unexpectedly in 2011, a month before my second child was born. Had to cash out my retirement to make ends meet while seeking good, long-term employment again. Haven't had the extra income to really invest again since then, but hopefully will be able to start over within the next year.

I generally have around $2,500 to 4,500 in the bank at any given time, but no real "savings". Fortunately, I inherited a home my mother bought before passing away suddenly a few years ago. She bought it as a short sale and got it for less than half of it's market value and put a bunch down. Have a $248 a month mortgage on that property and it rents for a good $900-1,000. My wife is also an only child, so at some point, she will inherit her parents' home which is a good $1,200-1,500 a month rental property (or enough on a sale to pay off our house by then and have money left over. Hopefully based on all of that, it will work out. I'm now (as of recently) very happily employed in the corporate office of a multi-billion dollar company and I'm hopeful that it will lead to some good career growth in the next few years.

I still may never retire. That said, I'm not sure I'll ever really want to be completely unemployed. A rolling stone and such...

I'm 25, married, buying a house and little to no credit card debt. I cashed out my mutual funds for the downpayment and have about 3-4K in true savings (not checking account). I make around 60K a year, wife is a teacher and makes 35K

Not sure what the boomers expect of us when houses are a frick TON more expensive than when you bought your first one.

I know there's idiots in my generation but the constant blame we get from the generation that has put our country into trillions of dollars of debt and outsourced millions of jobs seems extremely hypocritical

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Millenials range from 18-34.

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I don't like this range. A 34 year old grew up in a completely different age than an 18 year old. 34 year olds can remember a time without cell phones and the internet