Citing tariff related economic factors, Starbucks has made the decision to close 90 locations by the end of the year. This will result in thousands of job losses.

This follows news by Bloomberg and VantageScore that even top earners are falling behind on their car payments, credit cards, and even mortgage payments. Get this:

“Upper-income Americans are increasingly falling behind on credit card and auto loan payments, signaling an underlying vulnerability in the US economy as the labor market slows.

Delinquencies on such debts from those making at least $150,000 annually have jumped almost 20% over the last two years, faster than for middle- and lower-income borrowers, according to the credit-scoring firm VantageScore. A recent Federal Reserve Bank of St. Louis study found the share of people making late card payments in the highest-income zip codes has risen twice as much over the last year as in the lowest-income ones.”

What does it all mean? as we’ve been reporting on our Facebook page for months now, we are by no means entering into any sort of “golden age.” When Trump took over, the economy was very fragile, despite reports to the contrary. His tariffs have put altremendous strain on American businesses who have had to absorb $150 billion in losses so far.

As we have been predicting, American corporations are now taking drastic measures to stay alive, such as shrinkflation, store closures, product line cancellations, pay cuts, layoffs, job automation, and constant micro price cuts. American corporations are now officially in survival mode as our Americans, as consumer sentiment numbers reflect.

Americans are deeply misinformed about the economy because they are not getting accurate information from the government and its growing number of media proxies and media outlets that are terrified of running afoul of the government. Stay tuned to this channel and we will keep you posted on everything you need to know.