There is going to be over 2,000,000 personal bankruptcies this year. Experts are expecting it to top 3,000,000 next year.
Normally it runs around 800,000 per year.
The California Fires have displaced more than 950,000 people more than any time in history, other than WWII . That will effect the west coast economy big time.
We have been exporting jobs and importing "cheap labor" eventually that creates a big bill $$$ for the tax payers. This mess will effect everyone in a big way, sooner or latter. In some cases it already is and people just don't want to admit it. The first time in your business career that you go through a protracted period of economic downturn, you don't really "get it" til it's almost over.
Kind of like getting off a scary roller- coaster and having the guy in front of you vomit all over you.