Yeah the US economy is really tanking
[cross-posted from another thread]
record levels of credit card debt
record levels of auto loan debt
record levels of student loan debt
record levels of medical debt
record levels of retail store closures
record levels of suicide
record levels of drug addiction
record levels of obesity
the highest levels of agricultural bankruptcies since the GFC.
the average wage earner unable to afford a house in 70% of the country
around 75% of the population is living paycheck to paycheck.
around 75% of the population is in debt and half of those think they always will be.
around 70% of the population has less than $1000 in savings and 39% has none at all
around 22% of the population can't afford their monthly bills so are using credit just to meet the basic costs of living.
And this hasn't touched on the pension fund and social security insolvencies.
If the economy is going great with this "full employment" nonsense then the above is as good as it can get. Imagine the above stats when the next downturn hits.