Free spending...fun 'til a hurricane hits

The zero-savings trend, much in vogue these days, apparently has consequences after all.

"Many people didn't have the financial means to get out," said Alan LeBreton, 41, an apartment superintendent who lived on Biloxi, Mississippi's seaside road, now in ruins. "That's a crime and people are angry about it."

People without a rainy-day fund feeling victimized? Wait til' the hurricane of softening in the housing market comes, and misery will have company.

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White House considering new tax-deferred accounts to encourage investing

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