The financial crisis hit a new low in March, as more than half of all Americans were struggling to make ends meet.
Now, many Americans are struggling to find affordable ways to spend money on food, clothing, housing, entertainment and other necessities.
Here are five of the most important things to know about the crisis.
California, New York and Washington are experiencing the worst economic crisis in U.S. history.
The California state government declared a state of emergency last week to help deal with the crisis and the federal government said the state could expect to face a $1.3 trillion shortfall over the next decade.
California and New York each have $1 trillion in budget deficits and $1 billion of debt.
Washington, D.C., has a $6 billion budget deficit and $6.5 billion of unfunded pension liabilities.
Many Americans are not saving enough money to keep up with basic expenses.
Some say they are struggling financially and feel overwhelmed.
“It’s not just about the money, but the people who are not working,” said David A. Schwartz, president of the American Association of Community Colleges.
“We have this feeling that we’re not being helped by the government, that we have no money, that the government is going to get us, but we’re just not going to do it,” he said.
The financial collapse has affected some states.
Florida is in the middle of its largest crisis in decades.
More than 8 million Florida residents are on food stamps and more than 60,000 have lost their jobs, according to a report by the University of Florida.
More than 70,000 people have died from the crisis in California.
People have been unable to find employment for more than a year.
Many people are now unemployed and facing the prospect of losing their jobs.
Many states have begun implementing measures to help them rehire people, but some states are not doing enough, according the National Employment Law Project, a nonprofit that advocates for workers.
Many states are struggling with their own health care costs.
Many are trying to figure out how to pay for care for their residents, with some cutting back.
The U.K. has the lowest average household income in the world and the highest rates of pre-existing conditions.
States in Florida and New Jersey are struggling in their efforts to lower health care spending, said Lisa Anderson, senior fellow at the Center on Budget and Policy Priorities.