Part 6/9:

It's critical to note that these trends are not isolated; the effects ripple through to the labor market, further entrenching households in a cycle of anxiety and financial constraints. This growing inventory of unsold homes could lead to further layoffs and decreased economic activity, contributing to recessionary conditions.

## A Global Perspective

Shifting to international markets, Van Meter discusses the caution exhibited by Chinese consumers despite government stimulus efforts. Contrary to previous assumptions that stimulus would drive consumer spending, the reluctance among consumers to let go of their savings reveals structural economic issues that are just as prevalent domestically in the U.S.