Economy update

Warning, warning, warning! Another horrible economic indicator. Put everything together. Personal bankruptcy is up 14% in July 2026. Buckle up, ladies and gentlemen. There were over 54,000 bankruptcies alone in July 2026. Small business bankruptcy is skyrocketing. If you did not know, small business makes up 80% of the entire business in the USA. Have you been out and about? You're noticing less traffic, less people out in restaurants, nail salon? All of that is discretionary spending. And spending just hit a nine month low. Edition Walmart retail sales, the largest retailer in the USA, just hit a six year low on sales. You and I are not spending money because number one, inflation, number two, tariffs, No. 3, economic uncertainty, No. 4, high gas prices. Neither are companies. They are not hiring, and they are not spending money. Tourism is down $41 billion. Losing billions of dollars in international students every year. Now we're losing money from SNAP benefits. We used to, uh, fund a dollar of SNAP benefits. Brought in 59 cents to 79 cents per dollar spent. So therefore, grocery stores are hurting. Speaking of which, people are buying 1.8% less just in groceries. Gas is up 37%. Groceries are up 50% the last five years. And no, wages are not keeping up. Found this post disturbing but informative. Please like, comment, follow, and share for more economic news.