Natural and man-made disasters aren’t the only circumstances that should concern you as you prepare for emergencies. A lingering financial crisis should also be factored into your plans for preparedness. As the economy continues to sour, prices on needed medical, food and water supplies may go up dramatically. In an economic depression, these things may become scarce.
The Miami Herald reports that one financial indicator to keep an eye on, to let you know that things may really be getting bad, is the jobless rate in the United States:
One million workers could lose their benefits in January without the extension, according to a new report on the stimulus act unemployment benefits, written by several labor advocacy groups. “This is a lifeline,” said Jim Garner, the secretary of the Kansas Department of Labor.
Garner was one of eight state labor officials who appeared at a news conference alongside labor advocates. Though last week’s economic report showed hopeful signs, “We are facing a real catastrophe,” said Christine Owens, the executive director of the National Employment Law Project, one of the co-authors of the report.
At least you can see the possibility of this catastrophe coming, and therefore act now before things get worse. Emergency preparedness must be grounded in sound financial planning. Get the emergency kits and other items you need while prices are still affordable.
Source:
http://www.miamiherald.com/news/politics/AP/story/1370659.html