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IPFS News Link • Economy - Recession-Depression

The Fed, Bank Of America And Hordes Of Corporate CEOs Are All Warning That A Recession-

• by Michael Snyd

Needless to say, the answer to that question is obvious.  Right now, banks all over the country are getting really tight with their money, large corporations are laying off workers at a frightening pace, and consumers are cutting back on their spending.  In other words, it really is starting to look a lot like a recession out there, and economic conditions are only going to get even more harsh in the months ahead.

I know that this is not good news.  Things are already far from great, and one recent survey found that 70 percent of all Americans are "feeling financially stressed"

Inflation, economic instability and a lack of savings have an increasing number of Americans feeling financially stressed.

Some 70% of Americans admit to being stressed about their personal finances these days and a majority — 52% — of U.S. adults said their financial stress has increased since before the Covid-19 pandemic began in March 2020, according to a new CNBC Your Money Financial Confidence Survey conducted in partnership with Momentive.

Unfortunately, the truth is that the financial stress is just beginning for many families, because a significant economic downturn is on the way.