05/28/2024 IBS Insights Newsletter

I hope everyone had a safe and happy Memorial Weekend and took some time to honor our past and current hero's while meeting and spending time with family and friends !

The latest news on the economy is interesting to say the least. Inflation, employment figures, prices on goods and services, supply chain, trying to hire new employees and retaining current employees, higher minimum wages, the cost of employee benefits, everything to cost more !

The latest data shows 93 % of all American Workers are looking for a Side Hustle or Gig and 62% of those earning $100,000 yearly are also looking too!

What I find interesting is several Companies are lowering prices on their goods and services like Target, McDonalds, Burger King, and others because they have lost previous customers and are trying to get them back.

These Nationwide companies are also closing many locations and laying off employees as their restructure the more profitable locations.

Data shows that 80% of all American Businesses are having Cash Flow problems, trouble hiring new employees and retaining current employees, supply chain problems, inflation and more.

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