Walmart is a bellwether of the US economy. When the store that has made “low prices” is mantra is hurting, it is a clear indication of just how much the US economy is hurting.
After paying for basic necessities, most Americans simply have nothing left to save; wages have been stagnant since the 1970s.
And let me be clear; government projections are almost always too rosy. In other words, the debt total will likely be even worse.