The rising number of layoffs across various industries is a worrying trend. Despite the supposed economic growth, many people are losing their jobs. Even industries that were believed to be safe are not immune. This is causing concern as it hasn’t been seen in recent years. Moreover, the level of consumer debt is another alarming issue. The fact that around one-third of Americans are struggling to pay their bills indicates that not everyone is benefiting from the so-called economic boom. With the possibility of inflation and interest rate hikes, people already burdened by debt face an uncertain future.
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