Business Insider won't let me read their articles anymore without buying a subscription. Well they can eat a dick. This article doesn't say anything new. I've been talking about this topic on #Nostr for the past six months. I was just interested to see that the mainstream press is now covering this fact.
Retail sales have been propped up by Americans spending with credit cards and those credit cards are nearly maxed out. Recession is inevitable.
https://www.businessinsider.com/low-income-americans-stretched-thin-auto-parts-dollar-store-spending-2024-9