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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (1147994)	7/9/2019 5:46:56 PM
From: puborectalis	Read Replies (2) of 1575446

Other signs that people are feeling under pressure and losing sleep. They’re working longer hours to keep up. Nearly half — 45% — of U.S. workers require a side hustle to make ends meet, and even middle-aged workers are feeling the pinch. This includes 48% of millennials, 39% of Generation Xers and 28% baby boomers. The good news: More people were losing sleep over money three years ago. The expected benefits of a strong economy has not helped everyone keep up with their daily expenses. Wage growth showed signs of an upswing earlier this year, but disappointed in May. Wages increased just 3.1% on the year in May, not including inflation, slowing from 3.2% the previous month. But there are global issues that may be far more troubling. After a decade-long economic expansion and stock market growth, some economists say it’s only a matter of time before there’s another downturn. Oxford Economics, a U.K.-based forecasting firm, predicts that fallout from the next recession could trigger a 30% drop in the S&P 500 SPX, +0.12% According to the New York Fed’s yield curve-based recession probability model, there is a 27% probability of a U.S. recession in the next 12 months. “The last time that recession odds were the same as they are now was in early 2007, which was shortly before the Great Recession officially started in December 2007,” Colombo added.

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