The biggest lesson learned about the economy from the Coronavirus

[Yavin4]

Because we live in an interconnected world, your money, job, investments, savings, etc. are determined by forces that you have little to no control over. None.

A virus outbreak in China can lead to you losing your job, your savings, and your investments. You simply do not have control. No matter how hard you work. No matter how disciplined you are about your spending or saving. At any point in time, any where in the world, something random can happen and you can be wiped out. Doesn't matter who you vote for. You have no control.

[BigmanPigman]

1. 40% of Americans don't have $400 cash for an emergency

(medical or non-medical). 45% have 0 savings, 69% have less than $1,000.

https://www.fool.com/retirement/2019/12/18/the-percentage-of-americans-with-less-than-1000-in.aspx

[lunasun]

2. And you better believe a lot will come to work sick if they want to eat next week and not be

let go . What will some do anyway if they don’t have good health insurance Many will not know they have it only suspect
. The story about the guy who thought he had it and did the right thing and went in after a visit to China but had sketchy health insurance
He got stuck with a big medical bill after coverage claim denied and he never was even tested per the bill just cleared good to go

[BigmanPigman]

3. And they send their kids to school since they can't afford to take off

or get day care. Then their poor teacher and half the class gets sick, and so on.......... I know this, I was one of those teachers. Schools are germ factories, especially Elementary Schools' computer keyboards. Yuk!

[abqtommy]

4. Exactly. That's why having competent leadership is so important.

Last edited Wed Feb 26, 2020, 10:32 AM - Edit history (1)