two-thousandaire
a member of america’s cl-ss of home-owning families with only two thousand dollars in savings. deeply in debt, they live from paycheck to paycheck dreading any unforseen financial catastrophies such as a sudden illness or unemployment. first coined by karen de coster and eric englund.
taking out a home equity loan might seem like a good idea to a two-thousandaire, unless one gets laid off and ends up penniless.
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