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This lockdown has also forced a lot of people to dig into their savings just to pay rent, which is going to be savings they are not going to have coming out of
by chrononaut 7y ago
This lockdown has also forced a lot of people to dig into their savings just to pay rent, which is going to be savings they are not going to have coming out of this. Consumer demand may take longer to recover due to this alone in order to rebuild their savings as you mentioned.
- learc83 7y agoIf that's the case, and lack of cash is the only thing holding back demand, then it's a perfect situation for government stimulus. I know several service industry people who are making more on unemployment now thanks to the extra federal money than they were while working.