Money
Main Street Has Been in Recession Since Early 2024 Data Shows
Forward Guidance
The Consumer Cushion Is Almost Gone | Weekly Roundup
What was said
"The bottom part of the K, the majority of people in the country, Main Street's been in a recession since late '24 or early '24."
The hosts presented chart evidence indicating that the majority of Americans have been experiencing recession conditions since early 2024, even as tech-heavy indices hit record highs. They noted regional banks, retail stocks and consumer-facing businesses are 'crushed' while only mega-cap tech stocks drive market gains, revealing a severe K-shaped economy where wealth concentration accelerates.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Programme
- Forward Guidance
- Episode
- The Consumer Cushion Is Almost Gone | Weekly Roundup
- Clip time
- 27:20
- Original source
- Watch the source segment →
From this episode
Forward Guidance