What is Two-thousandaire?
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A member of America's class 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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