Retail apocalypse underway. Recession underway.

Retail stores across America are shutting down as the economy slows in 2024. With fast food restaurants like Boston Market shuttering location all across America.

This is especially true in Florida. Where a large number of restaurants and small businesses are beginning to shut down to a slowdown in consumer spending and 3+ years of inflation that has caused the profit margins of these businesses to evaporate.

The more that this happens, the greater the likelihood that the US enters the long-awaited "recession" that everyone has been predicting.
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[ReventureConsulting]

Wouldn't want to own a restaurant or consumer-facing small business in this economy.

Costs skyrocketing out of control. Consumer demand fading. We will see more of these stores shutting down in 2024/25 unfortunately.

Let me know if you're seeing anything like this happen in your area.

[Jersderakerguoe]

fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

[leondonald]

So how exactly can we guard against the coming financial reset for 2024? Like what are really the best strategies to make our portfolio recession proof against the incoming financial reset? I'm very worried about my $110k stock portfolio.

[nano.joe.]

homes are still overvalued by $200, 000-$300, 000

[MikeCasey-zm]

With the economic difficulties the nation is currently facing in 2024, what plans can we put in place to support our income while we adjust to this time period? I'm determined not to see my $500K in savings disappear, especially after all the effort I've put into building them up.

[SigFigNewton]

When Walmart is doing well, their extra revenue is not from people buying more things.
Their extra revenue is from smaller businesses that can’t price things that low.

[johnmccarthy]

McDonald's going from 28, 000 locations to 20000 locations is probably a blessing for society.

[schoomzer]

He's correct. People have been eating out much less than a year ago.

[KennyRogersRoasters]

I have been waiting to buy for over three years. I refuse to pay these inflated home prices only to get burned once the market corrects.

[JVEdits]

Boston Markets are shutting down because private equity stripped all value out of the company, loaded it up with debt and then stopped paying creditors.

[SirCarlosMusicBMI]

🎉🎉🎉 I was a Restaurant owner for over 32 years and just recently sold my last restaurant, the building and Liquor License ($325, K just for the license) and now retired. It just got to the point where I couldn’t make enough money to keep it going. But I was blessed to be able to run 2 full service restaurants for over 32 years.
I consider myself to be very lucky 🍀.
I feel for so many other small business owners out there who are just getting crushed.
Blessings, Carlos ✝️🙏❤️😊🇺🇸

[erdalyavuz]

I’m a retailer and wholesaler in Major malls in the South . It’s slowest ever since 2011

[jro]

Let's also not forget how quality has gone downhill tremendously after the pandemic. Not only the portions, but the ingredients, taste, and presentation. Workers are ill behaved, disrespectful, entitled, and a nightmare to deal with. Not to mention there is a McDonald's in every corner as well as other chains. I'm sorry they're closing.

[DeborahKettle-bsdu]

I'v been buying my grandson cookbooks, kitchen supplies, spices and condiments...ect... I told him he needs to learn how to cook for himself because restaurants and fast food are too expensive!!! I even bought him a crock pot 🍲 with a cookbook for it 😊

[Juliet]

Congratulations Nick you were mentioned in Newsweek online regarding Housing. Way to go! 👏 👏

[kortyEdna]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[willlywillly]

The recession started back in October. If you can find a good deal, don't buy a house. You will need your cash to survive.

[plektosgaming]

I think it's heading towards a depression. Just like 100 years ago, the working class are sucked dry and an economy that is run off of consumerism simply now has zero forward movement. People don't spend money because they can't. Last night I was very hungry and could have gotten some fast food, but instead came home and spent 30 minutes (still hungry, including time to drive home) to make a burger. To save $2. I just simply don't buy anything, any more, unless it's absolutely required.
I find that I've been, over my lifetime, a fairly representative/average person in terms of how things work in the economy. So, if I am at that point, it's nearly everyone.

[grailing]

Florida doesn’t need to grow at all, it’s maxed out. Traffic is horrendous

[squashua]

Private equity has sucked the value out of so many once beloved places. Their life cycle is coming to an end.