We know what’s coming and we are prepared.
🇺🇸📊 59% of Americans wrongly think the U.S. is in a recession, report finds
The U.S. economy has remained remarkably strong even amid persistent inflation and high interest rates.
And yet, 59% of Americans falsely believe that the U.S. is currently in a recession, according to a recent survey of 2,000 adults by Affirm in June.
Citing higher costs and difficulty making ends meet, most respondents said they think a recession started roughly 15 months ago, in March 2023, and could last until July 2025, Affirm found.
Officially, the National Bureau of Economic Research defines a recession as "a significant decline in economic activity that is spread across the economy and lasts more than a few months." The last time that happened was early in 2020, when the economy came to an abrupt halt.
Still, regardless of the country's economic standing, many Americans are struggling in the face of sky-high prices for everyday items, and most have exhausted their savings and are now leaning on credit cards to make ends meet.
Economists have wrestled with the growing disconnect between how the economy is doing and how people feel about their financial standing.
We're in a 'vibecession'
We're in a "vibecession," Joyce Chang, JPMorgan's chair of global research, said at the CNBC Financial Advisor Summit in May.
In 1983, America's biggest daytime talk show did something that's never happened since.
It spent an hour on a live debate on the DPT shot and vaccine mandates. Injured kids were in the studio, and the host asked what no host would dare ask today:
"Why does it have to be a law? Should we have the freedom to decide?"
🇺🇸 A Red Baron delivery worker went viral after snapping at a social media prankster who pretended to steal $10 from his phone via Apple Pay while he was working.
The father of four broke down over his exhausting schedule and financial struggles, prompting the internet to rally behind him. A GoFundMe has since raised more than $500,000, while Red Baron publicly backed the employee and confirmed his job is safe.
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New York fined private Amish schools $118,000 for refusing vaccine mandates.
Their lawyer says only the Supreme Court can save them now.
BREAKING: Scientists discover 413 security vulnerabilities in connected vehicles that could allow hackers to interfere with critical systems, including steering and braking.
@GeneralMCNews
