I'm retired and get a good pension from 30 years with Uncle Sam and 0 debt, so poverty is not happening to me. So yes, I will be fine.
Just wait until Uncle Sam's monetary policies cause hyperinflation and that pension ends up being worth 2 loaves of bread per month. Sadly, that's what I suspect will happen to my nest egg. I build it anyway in hopes I'm wrong, and I truly hope that I am wrong.
How would you get by if unemployed and without unemployment insurance?
Unless you've traveled outside the US you have not seen true poverty....What I fear more than loss of employment is the loss of government support to those who have allowed themselves to become totally dependent on it...this is the true source of anarchy that we all fear. These 'dependents' will riot if their source of handouts ever fails, and like the Rodney King riots , law abiding citizens will be on our own.
Well, I can skin a buck and run a trout line, so, you know.
It does not take too much to sustain my standard of living....
Now, economic collapse is a whole other problem......