Savings are at an all time high after the stimulus checks and enhanced unemployment. It just ran out in september but i’m sure the savings will hold people over for a bit.
It's almost like America was a demand starved economy with everyone in debt, as if all the money that would normally flow through the exchange of goods and services and generate GDP and a healthy economy were hoarded by an elite few.
I mean, that's still true, it's just that we printed money for a bit. We'll go back to wage slavedom soon.
That's basically it. Money is being drained out of the economy which forces governments to pour some more with debt. Either let those who actually need the money work or stop people from withholding money from the economy.
The moved out of the city, away from their service job, back with their parents/siblings to do some online training/classes/studying and get a better job.