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The Economy during the holidays

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12-8-25 8

8:05

A recent report shows car repossessions are up to the highest number since the recession of 2009… U.S. companies are intensifying job cuts and workforce reductions, as they focus on cost savings and leaner operations amid a challenging economic environment. Target, ups Verizon just to name a few…..and this year total U.S. consumer debt reached a record high of more than 18 trillion dollars with significant increases in mortgage and credit card balances. As the Christmas gift buying season IS UNDERWAY some financial advice which would be good to hear right now from Dr. Howard Wall the director and chief economist of the Center for Regional Economic Research at UTC

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