US might avoid a recession, but it’s a different story for ordinary Americans

The economy hasn't turned into a recession, but that doesn't mean anything to ordinary Americans. They struggle with high household debt and lower savings despite the national numbers.

Carol Roth is a former investment banker, entrepreneur and author of the new book "You Will Own Nothing" Broadside Books. Her previous books are "The War on Small Business" and the New York Times bestseller "The Entrepreneur Equation."

Since the two quarters of negative GDP that we saw at the beginning of 2022, massive government spending (including nearly $2 trillion in yearly real deficits) and consumer spending has kept the GDP in positive growth territory. But the propping up of the economy at face value has come at a real cost for Americans.