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2025-08-31 09:01:53 UTC
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LanguageMan1 on Nostr: That's because most of the major economies are going into recession or starting to ...

That's because most of the major economies are going into recession or starting to tank.

Besides, here in the US, we have somewhere between 68-74% of the people living paycheck to paycheck. That doesn't happen in a good economy and it's been that way for about a year. I said two and three years ago we'd be going into a recession.

The average number of hours worked by people has declined for three years. That doesn't happen in a good economy. In a good economy the number of hours worked rises and new employees are added.. That's not happening.

About half the states here in the US are in recession (Something I was planning on posting soon) and technically we're almost at half the nation in recession, which is totally understandable with 68-74% living paycheck to paycheck. Businesses feel the pain, just not the biggest ones so much yet, but they will. Other countries are in or heading into recession as well.