As the Federal Reserve works to combat rising inflation by slowing down the economy, the wealth of American households has evaporated—collapsing by more than $6.8 trillion this year as Americans load up on debt and face plunging stock values, a slowdown in the housing market and a potential recession.... [+]The combined net worth of U.S. households fell to $143.3 trillion last quarter—down from nearly $144 trillion one quarter prior and $150.
Total household debt jumped 6.3% on an annual basis to $18.8 trillion last quarter, with rapid growth in credit card borrowing and automobile loans pushing consumer credit up 7%.The stock market is on track for its worst week since September as a growing number of companies
It's biden and all his pedophile supporters fault
It's like pushing everything over again. Anything goes from zero to 100 and everything comes back.
Stocks didn’t crash. I would expect better from Forbes than Fox hysteria.
Thanks to handjob Joe.
Insane… As soon as biden was elected i parked my entire 401k
But, Joe says the economy is doing great. 🤔🙄
Donald trump has finally got something to say about Baiden reign
Print 7 trillion during covid, suck it all right back up. Nothing to see here
Lol interesting 🧐
Build back better alright.