We know it's coming - the question is when.

With a 6% national savings rate most of us are not prepared. We've forgotten the lessons from 2008.

I think millennial will do better - we save more and are more fluent in the gig economy - building multiple income streams is OUR economic reality. For those who rely on the 9-5, spend all of what they earn, and believe "they will be taken care of", it will be a hard reality.