An interest rate cut right now won’t save them. There’s a lag effect in both directions. A hard landing is baked in. Americans worry more now than during the Great Recession

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https://twitter.com/GayBearRes/status/1816446012275229105

Do you remember how painful the Great Recession was?  2008 and the years immediately following were definitely a very dark chapter in our history, but a new study has actually found that the percentage of Americans that worry they won’t be able to pay their bills is actually higher today than it was back then.  Slowly but surely, our economic strength has been fading and our standard of living has been falling.  Unfortunately, now we have reached a point where a very large portion of the U.S. population is really struggling.

https://theeconomiccollapseblog.com/the-percentage-of-americans-that-worry-they-wont-be-able-to-pay-their-bills-is-higher-than-it-was-during-the-great-recession/

US Continuing Jobless Claims Hover At 32-Month Highs

https://www.zerohedge.com/personal-finance/us-continuing-jobless-claims-hovers-32-month-highs