Agreed the poor will take the hit as will the over extended of any age - even when they still have a regular job. Lots of jobs will disappear as companies shed numbers to keep their heads above water - it's not just the casual employed, it will be top to bottom.
Eldest son lost his job 15 months ago & it took him 6 months to find another. His wife works but with 2 kids, mortgage (no debts) they managed with dipping into their rainy day fund.
He was lucky to have the cash laid aside - Plan B was his 2 brothers & I would would fund him say £2,000 a month - not a huge amount but enough to pay for the things his wife's salary could not cover - it was not needed in the end.
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