The Economic Consequences of Coronavirus

Many news outlets are blaming the Coronavirus for a recession. In reality, many of us have been talking about the fact that a recession started in June of 2019. Millions of individuals were 3 months late in their car payments and mortgages. Inflation was increasing and many individuals were not getting a pay increase. Coronavirus has only pushed this forward faster, but the issues were there. This is the time to save and for a few, the time to invest.