Economic Indicators SAY RECESSION | SMALL BUSINESS & CONSUMERS CRUSHED

Warning: The word undeniable is used way too much in this video. In this video, I'll discuss key economic indicators say recession | small business & consumers crushed. The cost of living and the cost of operating a small business is putting a tremendous strain on small businesses.Show more

▶ TIME STAMPS

00:00 Consumers, Small Business & US Economy
00:36 US Economic Indicator Reports
2:55 US Consumer
5:50 US Small Business
9:20 Outro

▶ VIDEO NOTES

The Conference Board’s Leading Economic Indicators index showed that conditions further deteriorated in October, with the gauge down 0.8% from the previous month. That follows a 0.5% decline in September.

"The U.S. LEI fell for an eighth consecutive month, suggesting the economy is possible in a recession," said Ataman Ozyildirim, senior director of economic research at The Conference Board.

The slump reflects a worsening outlook among consumers, who are increasingly worried about steeper interest rates and stubbornly high inflation, as well as a prolonged slump in the housing market.

Click to read the entire article - https://www.foxbusiness.com/economy/economic-index-flashes-major-recession-warning-sign

Small business is facing rising operational costs including rent payments which have surged. In October, the average rent payment per client was up 16% year-over-year (YoY), over 20% higher than in January 2019. This, together with other inflation pressures, has led to a profit squeeze, with small business account inflow-to-outflow ratio slowing since early 2022.

• To tackle these inflationary pressures, small businesses have increased borrowing. Business credit cards have been a popular choice of funding, with elevated spending per client growth at 16% YoY in October. This stands in contrast to debit card spending per client, which has slowed meaningfully over the past few months.

Click to read the entire BofA small business report - https://business.bofa.com/content/dam/flagship/bank-of-america-institute/economic-insights/small-business-checkpoint-november-2022.pdf

▶ PERSONAL DEVELOPMENT ◀

▶ BestSelf
Your Best Self is Calling
Tools to help you think bigger, achieve more, and
make meaningful connections.
Click here to learn more https://bit.ly/RBBestSelf

▶ SKILLSHARE
Get One Free Month of Skillshare
Explore thousands of hands-on creative classes.
Click the link to learn more - https://bit.ly/RBSkillShareOffer

▶ COACH TRAINING ALLIANCE
Become a Certified Life Coach with paying clients
and a growing practice - in just 6-months. International
Coach Federation (ICF) Approved Coaching Certification Program
Click the link to learn more - https://bit.ly/RBCoachTraining

▶ PERSONAL FINANCE ◀

▶ PERSONAL CAPITAL
Award-Winning Personal Finance Tools
Click on the link to learn more - https://bit.ly/RBPersonalCapital

Get Your Retirement Planner™ that finds hidden fees. - https://bit.ly/RBRetirementPlanner

▶ RC Bullion
Step One for Protecting Wealth During Turbulent Times Like These:
Invest in Gold & Silver!
Click here to learn about RC Bullion - https://bit.ly/RBRCBullion

▶ CHIME
We're changing the way you feel about money
Join the millions of members on Chime and feel good about your finances.
Click here to learn about chime - https://bit.ly/RBChime

▶ ABOUT THE CHANNEL

Ric Bender; Empowering Prosperity :
Exploring trends shaping local and global economies.
Subscribe - https://www.youtube.com/c/RicBender

▶ CONNECT WITH ME

Twitter: https://www.twitter.com/ricbender
Web & Blog: https://www.ricbender.com
Rumble: https://rumble.com/user/RicBender
Parler: https://parler.com/Ricbender
Facebook: https://www.facebook.com/RicBenderVerified

▶ JOIN MY NEWSLETTER
Email Newsletter: http://eepurl.com/hSKhnT

▶ D I S C L A I M E R S + D I S C L O S U R E S
This content is for educational and entertainment purposes only. This description contains affiliate links that allow you to find suggested resources. When you purchase items from these affiliate links Ric Bender may receive compensation. Thank you for being so supportive.

▶ KEYWORDS

Economic Indicators SAY RECESSION | SMALL BUSINESS & CONSUMERS CRUSHED, economy, economic indicators, recession, small business, consumers, consumers get crushed, small business Saturday, inflation, economic news, economic collapse coming, small business owner, small business finances, leading economic indicators, economic recession, recession coming, recession in 2022, us recession, recession 2023, are we in a recession now, is the economy in a recession, signs of a recession, economic ninja, iallegedly dan today, Jeremiah babe

#economicnews #smallbusiness #economiccollapse

▶ HASHTAGS

#RicBender #economicnews #economicupdates #investing #smallbusiness
#investing #realestatemarket #economiccollapse #smallbusiness #smallbusinesssaturday