Over 1 in 8 households struggle with debt payments; Bankruptcies surge; Phoenix sees record evictions.

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Financial instability grips communities nationwide, with a significant portion of households struggling with debt payments. In Phoenix, soaring evictions and bankruptcies signal a growing economic crisis.

Current economic indicators point to a concerning trend of declining savings and stagnant interest rates, exacerbating inflationary pressures and paving the way for a potential recession.

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Net savings as a % of GDP is now negative for the 3rd time in 100yrs.

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The difference between 2024 and 2020/2008 is interest rates are not coming down to cushion the blow. All the stimulus has been wiped out by inflation which will lead to stagflation, then deflationary recession

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