The coronavirus recession isn’t going to get any better anytime soon.
What’s most eye opening is that the coronavirus recession isn’t affecting any one industry over others. Of course, many are ones that directly deal with the public. TheI’m lucky that the coronavirus recession isn’t currently affecting me financially. But if I’m learning anything, it’s that what’s happening today could be completely different tomorrow. As a single parent, the fear of my finances being impacted is terrifying. My son’s father has lost his job already.
She adds, “If this lasts a few months, we’ll be fine, back to work with only minor damage to our finances. Six months? A year? I don’t know. I assume a casino will be one of the last places allowed to open — along with other ‘entertainment’ venues.” In the meantime, people still need income while we wait to see how long this pandemic goes on. People still need to feed their families and provide for their basic needs, and all of those things still come at a price. The current plan for a stimulus check of $1,200
end date. Data on the spread of the virus varies from day to day, even hour to hour. Many of us are hunkering down with the reality that we could be spending the next few months in quarantine. And if that’s true, there’s no way people are going to be able to find new jobs, let alone pay their bills. Trombley and her family are some of the “lucky” ones who will be able to survive for a few months, but most American families do not have that kind of safety net.
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