Jun 28 2020
Millennials never recovered fully since the Great Recession and now Covid-19 is bringing a painful economic reckoning. Half of US households own no stock.
While the pandemic has caused unrelenting and blistering damage in every segment of our economy, the pain is simply not distributed equally. Many of our essential workers are in the least secure jobs, with weak healthcare support, low wages, and ultimately are in jobs that keep them financially stuck while risking their health. What is […]
Apr 19 2020
The COVID19 Depression: 22 million file for unemployment insurance as unemployment rate is now fully in double-digits.
For many years we have talked about how many Americans were living paycheck to paycheck. One troubling statistic that came to mind, even before the COVID19 outbreak, was that half of Americans were one paycheck away from financial disaster. What the COVID19 outbreak has shown is how frail the economic situation was for many Americans […]