Sunday, August 11, 2019

The US Economy

Do you have six months of your monthly expenses in your bank account? Most Americans don’t. Actually, most Americans are living paycheck to paycheck. What happens when that paycheck disappears?

The news says the economy is great, that employment is at record highs. There are 130 million full-time workers and 230M working-age adults. But sure, record-level unemployment is a thing.

We need to stop and ask who is telling us a story before we believe it at face value. I don’t know when the next recession is coming but I do know that when jobs start getting cut it’s going to be a domino effect like we’ve never seen.