Posted on 12/06/2023 3:29:54 PM PST by davikkm
As more than 75% of Americans express concerns about the economy, recent holiday spending signals potential trouble ahead. Over 18 million Americans defied uncertainty, hitting stores during the Thanksgiving weekend, with a record-breaking 200.4 million consumers making purchases. Despite a surge in online shopping, worries persist as experts warn of a looming credit card debt crisis.
The National Retail Federation reveals that 44% of consumers favored online platforms, emphasizing the shift towards digital transactions. “I buy a lot of stuff on TikTok and stuff like that, so I do believe people use their phones to buy stuff more than in person,” notes Ifrah Sultan from Nashville, Tennessee.
(Excerpt) Read more at citizenwatchreport.com ...
Hey, don’t worry about it! Run up your credit cards, and Brandon will forgive the debt, right?
“Ifrah Sultan, from Nashville, Tennessee”
Another cracker?
The chance for a soft landing passed about 5 years ago.
I prepared financially for a bad recession, but never expected this.
The worst has not yet hit.
We are sooo screwed.
Congress passed Bidens Infrastructure bill and the IRA so there’s still $2T in the pipeline just waiting to get us through the 2024election. What could go wrong?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.