With 40% of Americans One Bill Away from Financial Disaster, What's Next?

Despite hundreds of billions of dollars in bailout money and U.S. Federal Reserve stimulus, the U.S. economy is still not working very well for the average American.

According to a survey by Bankrate.com, 40% of Americans say they are just one big bill away from financial disaster.

That tells Money Morning Chief Investment Strategist Keith Fitz-Gerald that the government's efforts to rescue the U.S. economy have failed.

"The big-bank bailout mentality that rules Washington has not worked and continues not to work," Fitz-Gerald said in a Monday appearance on the FOX Business program "Varney & Co." "This is government at the expense of the American people, not for the American people."

So where do we go from here?

Fitz-Gerald said retail earnings this week will offer an idea of how Main Street is doing as the average American continues to struggle. Here's the trend to watch for that Fitz-Gerald said would be the "best of all signs" for the U.S. economy:


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