Post by
Tradinghands on Aug 08, 2024 4:06pm
Paycheck to Paycheck & Business Bankruptcies 2024
78% of US households living paycheck to paycheck means that there's still a recession in sight as people slow down spending plus if Oil starts to rise too high it will push inflation higher so all this cork popping could be short-lived. Not trying to be negative but I have traded through market crashes starting in the 1980s. There's a lot of turmoil underneath these markets. Let's hope for the best and prepare for the worst. Today was a good day and Fridays are always a hit-and-miss going into the weekend which could set the tone for Monday. GLTA U.S. consumers rack up record $1.14 trillion in credit card debt (msn.com) Majority of Americans Live Paycheck To Paycheck – Forbes Advisor Bankruptcy Filings Rise 16.2 Percent | United States Courts (uscourts.gov)
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