Are you seeing cracks in society in your city?
Lone_Wolf
Arizona
Hard to believe 50m people can be unemployed within a matter of weeks and not start to see cracks in society.
Phoenix is humming back to life. I'm seeing a much greater police presence driving around, seemingly more traffic accidents and, interestingly, many flat bed trucks carrying newer cars that I suspect are repos.
I'm not noticing an increase in homeless people at this time.
Are you seeing any symptoms of the slide into a depression in your city?
Phoenix is humming back to life. I'm seeing a much greater police presence driving around, seemingly more traffic accidents and, interestingly, many flat bed trucks carrying newer cars that I suspect are repos.
I'm not noticing an increase in homeless people at this time.
Are you seeing any symptoms of the slide into a depression in your city?
22 comments
What I assume will likely happen is people becoming more-indebted for a while - perhaps a certain# of people filing for bankruptcy as a way to get out of the whole.
This is why I think the whole, "Economic impact thing" is a bit overblown. The economy will suck but things will be fine in the long run. EVen medium run things will be close to normal.
If true, that would leave aprox 20m unemployed. Benefits running out in the next few weeks. Absolutely untenable.
Luckily my area hasn't been hit too bad so no noticeable changes around here. Things in Ohio are slowly reopening and getting back to semi-normal. Still restrictions in place based on social distancing and a few types of business that haven't reopened yet but getting better.
I live in a very rural area and my township has a population of a whopping 4,735 within it's 60 square mile area. With less than 80 people/sq mi social distancing wasn't nearly as big of a problem as places like New York City with their 28,000 people/sq mi.
Eventually the economic ramifications are going to have to be allowed to take their natural course. That is when we will really start to see and feel the full extent of the damage caused by this mess.
The link below shows a list of unemployment benefits per state - some are not so great (often southern states; and some are decent especially when the $600 fed benefit is added) - the lowest I noticed is Mississippi at $235/wk, and the highest Massachusetts at $1,220/wk if one has dependents:
https://fileunemployment.org/unemploymen…
The risk of course is all this social support will be ending about the same time. A quicky approaching cliff.
Eeeek. But ok now.