3min chapter

Tom Bilyeu's Impact Theory cover image

Silicon Valley Bank MELTDOWN Explained | How to PREPARE for the RECESSION | Jaspreet Singh

Tom Bilyeu's Impact Theory

CHAPTER

Are You Saying, "Oh, Everyone's Spending More Money?"

Inflation between the pandemic 2020 to now, there's reported inflation number over those last number of years is about 15%. If you made $100 in 2020, you made about $13.20 today. Wage growth is about 13 on average, according to the numbers. So what we're seeing is, yes, people are spending. How are they spending? They're going into debt and they're digging into their savings.

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