The number of Americans that believe the economy is worsening has increased versus 4 weeks ago. The number has jumped by over 40% where it was only 25% a short while ago. Source the Democracy Fund + UCLA Nationscape Project.
Who can blame then the Country has come to a sudden halt, creating daily difficulties with finances. Many Americans are finding out that they are unemployed, with bleak prospects ahead. Covering food bills, mortgages, or rent during such times is no easy feat.
The stimulus checks of $1,200 have started rolling out, but it is clear that this is purely a token sum that is probably very much appreciated but does not solve the average American household bills. Many have been covering their costs as best they can for over three months with no incomes to rely on.
Over 6.5 million people applied for unemployment benefits in the past week. 17 million is the total since the pandemic began.
The rate of unemployment is growing. The reason is that people are closed at home, and businesses are unable to function even in a “light” mode. This makes people feel like the economy feels bad.
Life they say must go on. That’s easy to say but harder to do when you consider student loans need to be repaid, car payments due and general household running expenses all need attending to.