Layoffs in November went up to 4% month over month, which is quite a bit heading into the holiday season. At the same time people who are losing their jobs are finding it much more difficult to land a new job. It's taking people anywhere between 3 to 6 months to find a new job so even people who have been financially responsible and has an emergency fund might not be able to make it last long enough. But this is a great economy!

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Articles Mentioned in the Video

https://apple.news/A38RckjNBTtaweAtt1O1h6A
https://apple.news/AlzqAaTrNSxarPandYJZUiA
https://apple.news/A7LTmAzd-RXecvcWfGjD6mg
https://apple.news/AHN9EqjkzQ_OjW9GMoXOekg
https://apple.news/AELdeypQ5TPSUviiaq3UI5w
https://apple.news/A-zF6jdwxSFqBcPwXZl26Bg
https://apple.news/A8lsm8ir_SKS8KPhn72PHag

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.