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 households bills. Many have been covering their costs as best they can for over three months with no incomes to rely on.
Over 6.6 million have filed for unemployment benefit claims just this past week bringing the number to 17 million.
The Coronavirus global pandemic has seen unemployment figures continue to rise as people continue to stay-at-home and many businesses were forced to close. It is clear that the impact has been so negative prompting the rise in the number of individuals who believe the economy is worsening.
Life they say must go on. That’s easy to say but harder to do when you consider students loans need to be repaid, car payments due and general household running expenses all need attending to.