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What's more alarming is the possibility of similar struggles within electric vehicle (EV) manufacturers. Facing low consumer demand and high production costs, many have also filed for bankruptcy. This sector is emblematic of broader economic issues, as companies grapple with debt and operational costs that far exceed their revenues.

The Illusion of Economic Prosperity

While some economists assert that the economy is thriving, the reality on the ground tells a different story. Despite claims of job growth and economic stability, widespread store closures and bankruptcies paint a stark contrast. Many financial experts express skepticism towards the touted economic indicators, arguing that they do not reflect the lived experiences of average consumers.