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The Business Advisor

Learning Everything We Can About Business and Personal Finance

The Business Advisor is hosted by Michael Lodge, a nationally certified business mediator and advisor. He has been in private practice since 1984 and has been is various types of business entities throughout the United S
9/26/2022

Jobs, Layoffs, Inflation, Repo's and Political Lies

Season 2022, Ep. 118
We have politicians that are not talking about the real economy that Americans are facing. Cars are being repossessed, houses have been foreclosed on and the number goes up everyday, real estate is in a recession. Yet, politicians push their political agenda's of abortion, electric cars, job numbers with a twist, and climate change, at the same time Americans are suffering. They refuse to cut government spending and tax hikes, instead they go in the opposite direction and spend more money and tax more. Political agenda's have become more important then the welfare of the American people and the economy. It's a sick thought process, but yet they do it.Layoff Website: https://layoffs.fyi/Layoff Report: https://www.businessinsider.com/layoffs-sweeping-the-us-these-are-the-companies-making-cuts-2022-5Car Repo Statistics: https://www.titleloanser.com/stats/car-repossession-statistics/Note, in my podcast I misquoted the repo per day number. I stated 8,000 per day, it is more like 6,000 per day. Still a high number. 2022-2021 CAR REPOSSESSION FACTS (UNITED STATES DATA)2.2 million vehicles are repossessed every year (2022 updated data)5,418 repossessions every day226 car repossessions each hour3.76 repossessions a minute2021-2022 most repossessed car and truck (in order)Ford F-150 – is the most repossessed truckChevy Silverado – is 2nd the most repossessed truckHonda Civic – is the most repossessed carHonda Accord – is 2nd the most repossessed carToyota CamryNissan AltimaToyota CorollaHonda CR-VDodge RamWith yearly repossession rates at 65% compared to yearly new car sales. This means that for every 2.4 cars sold, 1 existing vehicle on the road will be repossessed each year.If you would like to have more access to me and my services, go to: http://www.lodge-co.com