Households across the US will soon be collapsing. Most don’t have enough, savings, too much debt, and are now facing job loss. Many are waiting for President Trump’s stimulus check to arrive in the mail. Rents and credit card payments are being deferred.
The panic reinforces how many people were unprepared for a national health crisis.
An economic crash will lead to an extended period of severe social unrest.
The 2008 Great Recession resulted in more than 10,000 suicides. If the economy continues to be shut down through April and or even May, an increase in suicides will be on the horizon.