Americans Drowning in Debt as Businesses Collapse Nationwide
The debt bubble is bursting, and the fallout is devastating. U.S. households are drowning under a staggering $18 trillion in debt, while the federal government’s debt has soared to $36 trillion. This reckless overindulgence has fueled the illusion of prosperity for years, but the reckoning is here—and it will be brutal.
Credit card debt has hit a record-breaking $1.17 trillion, rising faster than incomes. In the last year, credit card balances jumped by 8.1%, far outpacing wage growth. Meanwhile, student loan debt has reached $1.61 trillion, with 30% of borrowers admitting to skipping food or medicine just to keep up with payments. These debts are shackles, delaying homeownership, family planning, and basic financial stability for millions.
As household debt skyrockets to $17.94 trillion, businesses are crumbling under the weight of economic strain. Retailers have closed 6,481 stores so far in 2024, the highest since the pandemic, with American Freight leading the pack as it shutters all 329 locations during bankruptcy. The auto industry is also reeling—Nissan slashed 9,000 jobs, and Stellantis laid off over 1,000 employees at its Ohio Jeep plant. The future looks bleak for these industries as demand plummets.
Even the tech sector is floundering. Chipmaker AMD announced a 4% global workforce reduction, while Spirit Airlines is preparing for bankruptcy, sending its stock into freefall. CNN, struggling with record-low ratings, is slashing its high-paid staff. Across the board, businesses big and small are collapsing under financial pressure. Nearly half of small business owners couldn’t pay rent in September, the highest rate since the peak of the pandemic.
The debt-fueled illusion of prosperity is shattering. For years, Americans lived beyond their means, but now the bills are due. This is the implosion of a debt bubble, and it’s only the beginning. The pain ahead will be immense, and anyone claiming there’s an easy way out is lying.
The time for reckoning is here. The collapse is undeniable. Are you prepared for what’s coming? The system is failing, and the truth is undeniable—America’s debt-fueled house of cards is crumbling.
Join now, while it's not too late
https://t.me/JFK_Q17
The debt bubble is bursting, and the fallout is devastating. U.S. households are drowning under a staggering $18 trillion in debt, while the federal government’s debt has soared to $36 trillion. This reckless overindulgence has fueled the illusion of prosperity for years, but the reckoning is here—and it will be brutal.
Credit card debt has hit a record-breaking $1.17 trillion, rising faster than incomes. In the last year, credit card balances jumped by 8.1%, far outpacing wage growth. Meanwhile, student loan debt has reached $1.61 trillion, with 30% of borrowers admitting to skipping food or medicine just to keep up with payments. These debts are shackles, delaying homeownership, family planning, and basic financial stability for millions.
As household debt skyrockets to $17.94 trillion, businesses are crumbling under the weight of economic strain. Retailers have closed 6,481 stores so far in 2024, the highest since the pandemic, with American Freight leading the pack as it shutters all 329 locations during bankruptcy. The auto industry is also reeling—Nissan slashed 9,000 jobs, and Stellantis laid off over 1,000 employees at its Ohio Jeep plant. The future looks bleak for these industries as demand plummets.
Even the tech sector is floundering. Chipmaker AMD announced a 4% global workforce reduction, while Spirit Airlines is preparing for bankruptcy, sending its stock into freefall. CNN, struggling with record-low ratings, is slashing its high-paid staff. Across the board, businesses big and small are collapsing under financial pressure. Nearly half of small business owners couldn’t pay rent in September, the highest rate since the peak of the pandemic.
The debt-fueled illusion of prosperity is shattering. For years, Americans lived beyond their means, but now the bills are due. This is the implosion of a debt bubble, and it’s only the beginning. The pain ahead will be immense, and anyone claiming there’s an easy way out is lying.
The time for reckoning is here. The collapse is undeniable. Are you prepared for what’s coming? The system is failing, and the truth is undeniable—America’s debt-fueled house of cards is crumbling.
Join now, while it's not too late
https://t.me/JFK_Q17
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