A sudden pullback in spending among the wealthy could cascade down to the rest of the economy. New recession warning: The rich aren’t spending https://www.cnbc.com/2019/08/28/the-rich-arent-spending-signaling-a-possible-recession-ahead.html The retail apocalypse has claimed over 8,000 US stores in 2019 so far, more than the number that shut down in all of 2018. Jason talks about the different forces affecting the US consumer including more inflation and taxes. The sushi price index says that real inflation is running at over 6% annual increases in most major US cities and metro areas! https://www.zerohedge.com/economics/somethings-fishy-about-americas-official-inflation-data 100 Side Hustles: Unexpected Ideas for Making Extra Money Without Quitting Your Day Job https://www.amazon.com/100-Side-Hustles-Unexpected-Quitting/dp/0399582576 Articles About The Retail Apocalypse: 1) The 2019 Retail Apocalypse Continues With Another Major Chain Closing All Its Stores http://money.com/money/5638993/2019-retail-apocalypse-shopko-store-closures/ 2) ‘Retail apocalypse’ now: Analysts say 75,000 more U.S. stores could be doomed. https://www.washingtonpost.com/business/2019/04/10/retail-apocalypse-now-analysts-say-more-us-stores-could-be-doomed/ 3) Store Closures Coming in 2019, but Don't Call It a Retail Apocalypse https://www.fool.com/investing/2019/02/15/store-closures-coming-not-retail-apocalypse.aspx 4) The retail apocalypse has claimed 6,000 US stores in 2019 so far, more than the number that shut down in all of 2018 https://www.businessinsider.com/retail-apocalypse-start-of-2019-more-store-closures-all-of-2018-2019-4 Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 57 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**