A recession is inevitable if one looks at the state of average people and certain economic facts. Eventually a domino will fall.
1. Consumer debt is at an all time high.
2. Consumer savings rates are lower than the mid 2000's and ~35% of adults could not handle a $400 emergency.
3. Inflation is eating already low wage growth.
4. Soaring rental prices for homes
5. High home prices
6. business consolidation and Ch. 11's are up 63%
1. Consumer debt is at an all time high. 2. Consumer savings rates are lower than the mid 2000's and ~35% of adults could not handle a $400 emergency. 3. Inflation is eating already low wage growth. 4. Soaring rental prices for homes 5. High home prices 6. business consolidation and Ch. 11's are up 63%
Sources: https://www.americanbanker.com/news/consumer-debt-is-at-an-a...
https://www.businessinsider.com/rental-prices-are-soaring-ar...
https://www.businessinsider.com/chapter-11-bankruptcies-are-...