🔄We are currently in a recession but showing signs of upward trajectory
📉Big firms are likely to go bankrupt in 2024 due to high borrowing costs and budget constraints
💳Consumers continue to splurge in 2023, leading to increased credit card debt
🎓Millions of student loan borrowers go on a debt strike, refusing or unable to pay
💰Energy prices rise, putting a strain on household budgets
What is the current state of the economy?
—We are currently in a recession but showing signs of an upward trajectory.
Which companies are likely to collapse in 2024?
—Big firms are likely to go bankrupt in 2024 due to high borrowing costs and budget constraints.
What is the situation with consumer spending?
—Consumers continue to splurge in 2023, leading to increased credit card debt.
What is the student debt strike?
—Millions of student loan borrowers are refusing or unable to pay their loans, staging a massive debt strike.
How are energy prices affecting households?
—Rising energy prices are putting a strain on household budgets.
00:00Get ready for big changes in 2024 as we navigate a recession and an upward trajectory.
02:32Big firms are likely to go bankrupt in 2024 due to high borrowing costs and budget constraints.
05:40Consumers continue to splurge in 2023, leading to increased credit card debt.
06:38Millions of student loan borrowers go on a debt strike, refusing or unable to pay.
10:59Rising energy prices are putting a strain on household budgets.
