Some locals moving forward with big purchases amid uncertainty with the U.S. economy
Professor and research director for the UNLV Center for Business & Economic Research Stephen Miller says we’re not there yet though.
“I don’t think we’re close to a recession if you look at the percentages, but we’re moving in the wrong direction,” said Miller.
But how can you prepare? Miller says you can save and limit your purchases, but he warns that can lead the economy in the wrong direction.
“So, what you’re doing is you’re reducing consumption but at the national level if everyone did that, that would help push us into a recession,” said Miller.