The impact of this is going to be extremely bi-modal.
Working class people are going to be decimated. No income and the cost deferral cliff.
Middle class (office workers are least) and upper class people will do very well. They still have their jobs and their costs have collapsed.
I am no longer paying for gas, childcare, bussing fees, car insurance, and all manner of other things. I can shop at Costco now that I have more time, saving me even more. Nobody is buying lunch out as we now have tons of saved time to make food ourselves. I used the crisis to squeeze by suppliers of internet and cell phone and whatnot. We now save 40% of our take home pay.
Many companies have advertised that "our customers who are affected by COVID can contact customer support for ..." type of PR messages announcing discounts/deferments.
I actually started collecting the URLs, but there are so many it's not worth centralizing.
Working class people are going to be decimated. No income and the cost deferral cliff.
Middle class (office workers are least) and upper class people will do very well. They still have their jobs and their costs have collapsed.
I am no longer paying for gas, childcare, bussing fees, car insurance, and all manner of other things. I can shop at Costco now that I have more time, saving me even more. Nobody is buying lunch out as we now have tons of saved time to make food ourselves. I used the crisis to squeeze by suppliers of internet and cell phone and whatnot. We now save 40% of our take home pay.
Personally the crisis has been great for me.