The Economic Devastation Is Going to Be Worse Than You Think [View all]
The Economic Devastation Is Going to Be Worse Than You Think
https://www.theatlantic.com/politics/archive/2020/03/covid-19s-devastating-effects-jobs-and-businesses/608461/?utm_source=feed&fbclid=IwAR3jnsE9dm4oohJJrMGCo59lsj2Cy8TwPoh5QLcJE3wR92CHjEVvPYct32Q
“The coronavirus’s overwhelming toll on jobs and businesses has only just begun.”
My wife’s office in New York closed permanently on Friday.
Twenty years with the company.
They decided they’d close the office in an effort of short term solvency; and pick up the pieces after the storm.
I was laid off indefinitely as well on Friday. We went from a low six figure income to ZERO in a matter of hours on Friday.
We’re terrified. We have savings on our balance sheets for about three months paid in full. Beyond that; we’re not exactly sure.
We’re just one example of double income earners grinding to a screeching halt.
This will far outlive the virus.
Good luck out there; friends!
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