People running out of real money wasn’t enough to start the recession. Wonder what happens when everyone runs out of fake money too.

U.S. credit card debt jumps 18.5% and hits a record $930.6 billion

 

Rising number of people tapped their 401(k)s last year amid economic strain, “Inflation-adjusted wages have been falling — meaning that workers have less purchasing power than a year ago. Median weekly real earnings have actually fallen by 3.4% since the start of 2021, according to data from the Bureau of Labor Statistics.”

US Employers Announced More Than 100,000 Job Cuts in January

 

h/t Haunting-Meringue330