Nine Signs That the U.S. Consumer is About to Break

August 09, 2023

by Michael Snyder End of the American Dream

When the U.S. consumer is in healthy financial shape, the outlook for the U.S. economy is generally positive. But just like we witnessed prior to the Great Recession of 2008 and 2009, when the U.S. consumer is not in healthy financial shape, bad things tend to happen. Unfortunately, the numbers are telling us that current conditions are eerily similar to what we experienced during the run up to the Great Recession. Households don’t have enough money coming in, debt levels are soaring, delinquency rates are rising, and tens of millions of us are just barely scraping by from month to month. The following are 9 signs that the U.S. consumer is about to break…

#1 After adjusting for inflation and taxes, household income in the United States has fallen 9.1 percent since April 2020…