Credit-card debt also increased by the most in 20 years, with balances rising by 15% from a year earlier.
So many Americans have overextended themselves to get the homes of their dreams, and as prices plummet in the months ahead millions of them will soon be underwater on their mortgages just like we saw in 2008 and 2009.
This will be the largest round of layoffs in Amazon’s history, and Jeff Bezos is now giving out advice on how to best deal with the coming economic downturn- The business leader offered his starkest advice yet on a faltering economy in an exclusive sit-down interview with Fake News CNN’s Chloe Melas on Saturday at Bezos’ Washington, DC, home.
When Jeff Bezos starts sounding just like The Economic Collapse Website, that is definitely a sign that it is late in the game.
Other big tech companies have been conducting mass layoffs as well, and that list includes Facebook and Twitter- Last week Meta, which owns Facebook, Instagram and WhatsApp, revealed that it will cut 13 per cent of its workforce, while Elon Musk axed half of Twitter’s employees following his successful takeover of the social media site.
The post US Consumers Are Doing Exactly What They Did Just Prior To The Crash Of 2008 appeared first on NWO Stop.
This content is courtesy of, and owned and copyrighted by, https://nwostop.com and its author. This content is made available by use of the public RSS feed offered by the host site and is used for educational purposes only. If you are the author or represent the host site and would like this content removed now and in the future, please contact USSANews.com using the email address in the Contact page found in the website menu.