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10 signs the US economy is on brink of collapse

A few months ago, many experts said that the US economy is booming, but now the situation is beginning to change rapidly, and many economists are beginning to sound the alarm. Information appears in the media that company stocks are falling, real estate sales have declined, car sales are also slowing, and the middle class is declining, etc.

10 signs the US economy is on brink of collapse

Experts note that a similar situation was observed in 2008. Many of them fear that the impending crisis will be worse than the previous one. Below we describe 10 signs that the US is facing serious economic problems.

10 signs the US economy is on brink of collapse

Since there is a decline in economic activity in the United States, oil consumption grows, and consequently, demand for it and prices. The decline in the cost of WTI oil, observed in the last 12 days, is of concern to experts. The cost of a barrel of oil dropped to $51.69, the minimum of October last year.

10 signs the US economy is on brink of collapse

According to a recent survey, only 13% of Americans plan to buy property next year. This indicator is reduced three quarters in a row. Over the past 12 months, it has decreased by half.

10 signs the US economy is on brink of collapse

As the real estate market stagnates, the number of unsold homes across the country is growing every day.

For example, the number of unsold single-family homes in October jumped by 86% compared to the same period last year.

10 signs the US economy is on brink of collapse

According to Bank of America, the most “bearish” sentiment is prevailing among fund managers around the world since 2008. According to a survey, 44% of fund managers expect a decrease in global economic growth next year. The most pessimistic forecast since November 2008. In addition, experts expect a slowdown in China's economy next year, which also raises their concerns.

10 signs the US economy is on brink of collapse

America's retail market also continues to show deterioration. According to Bloomberg, some retailers are doing so badly that they return rented space to landlords before the lease expires. An example is Sears Holdings Corp.

10 signs the US economy is on brink of collapse

Despite the unfolding trade war with China, the US trade deficit with other countries of the world will reach a historic high by the end of this year.

10 signs the US economy is on brink of collapse

A recent study showed that the average wage of about 62% of US jobs do not pay enough to support the middle class.

10 signs the US economy is on brink of collapse

Another survey among Americans showed that the majority of American citizens today do not have the so-called financial airbag.

According to the data, 58% of respondents have savings of less than $1,000.

10 signs the US economy is on brink of collapse

Currently, more than 50% of children in the United States live in families that receive certain types of material support from the US federal government.

10 signs the US economy is on brink of collapse

And what is most dramatic, more and more Americans are on the street having lost their homes for one reason or another. Currently, more than 500 thousand residents of US cities are homeless, and this number is constantly growing.

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