While many monetary establishments are preparing for the long-term implications of COVID-19, very few people feel smart about the economy. An effective and well-tested vaccine will certainly help, but until then, many other people are mis-rather. Breathing.
Today’s reading comes from the WSJ, and the topic is how COVID-19 will soon become administrative staff in the United States. With Stimulus-2 still plagued by political debates, families want a quick fix. Some measures look better, but overall the picture is grim and administrative staff are now suffering.
The article cites an opinion from Discover’s CEO:
And it’s believable.
Part of the challenge is unpaid debt of all kinds. With the completion of deferrals and the depletion of monetary shock absorbers, appropriations may soon seem very bleak.
It’s the jobs, the jobs.
There is no quick fix. Expect more data to come (after the mask of payment deferrals has aged, Stimulus-2 arrives and an effective vaccination).
Presentation through Brian Riley, Director, Credit Counseling Service at Mercator Advisory Group
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