The Suffering is Off the Charts

May 30, 2023

by Michael Snyder The Economic Collapse Blog

Things have taken a turn for the worse. In recent months, economic activity has been dropping all over the nation, and that decline appears to be accelerating. We just learned that gross domestic income has now fallen for two quarters in a row, and the Conference Board’s index of leading economic indicators has now been plummeting for 13 consecutive months. Unfortunately, when economic conditions deteriorate it is the people at the low end of the economic pyramid that get hit the hardest.

Thanks to our rapidly rising cost of living, we are seeing a dramatic explosion in the number of “working homeless” that are living out of their vehicles on a daily basis even though they are currently employed.