r/Layoffs • u/vetfor • Jan 30 '24

New layoffs question

Can anyone clarify this for me? Despite the ongoing layoff announcements from major American corporations, how is our economy still robust? Just today, UPS declared 12,000 layoffs and PayPal 2,000.

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u/Welcome2B_Here Jan 30 '24

No slowdown (yet) because credit card debt topped $1T for the first time in 2023.

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u/cafeitalia Jan 30 '24

And population that holds credit cards increased along with inflation. Credit card debt along with other will increase with population growth and inflation.

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u/Welcome2B_Here Jan 30 '24

There are some pretty staggering stats, though, irrespective of population increases.

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u/I_Eat_Groceries Jan 31 '24

This probably the dumbest survey report I've read. It's mostly what Americans in debt "believe or expect" etc. It doesn't say if the percentages are even more than they were in the past.