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

Sharing is Caring!

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.



See also  Germany: Record cocaine haul worth billions of euros seized

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

See also  Store Closures Surge In CA: See List Of Retailers Shutting Doors

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

Views: 140

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.