Why Bill Gross is really worried Americans might run out of 2024 cash

JJ Money
3 min readAug 8, 2023

It seems like we’ve been hearing forever that the world is on the precipice of a major recession.

One misconception I think people have, however — and one that drives them to make poor investing decisions (I’ve been there, believe me) — is that big economic moves provide immediate consequences.

On the contrary, it often takes more time than you think for the effects to trickle down and really start having a big impact.

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JJ Money

Former journalist who writes about making money online, investing, and passive income. YouTube: https://www.youtube.com/channel/UCC1k_0PYxesTxiD_QmjPp6w