03-31-2020, 01:40 PM
Small businesses generate 44% of America's economic activity.
80% of American workers live paycheck to paycheck.
Real wage growth has been stagnant to negative for over 35 years for over 90% of American workers.
Consumer debt as a percentage of GDP has dropped roughly 25% from its all-time highs in 2008 (from 100% to 75%), but is still at historically elevated levels (higher than it was in 2001).
Who buys the stuff from the big guys when the consumer is tapped out?
80% of American workers live paycheck to paycheck.
Real wage growth has been stagnant to negative for over 35 years for over 90% of American workers.
Consumer debt as a percentage of GDP has dropped roughly 25% from its all-time highs in 2008 (from 100% to 75%), but is still at historically elevated levels (higher than it was in 2001).
Who buys the stuff from the big guys when the consumer is tapped out?