There are two ways to fall off a bike. One way to do it happens suddenly. You are riding along and the next thing you know you are on the ground, left to examine your wounds and wonder what you did wrong. The other way happens seemingly in slow motion. You feel yourself getting off-balance but are powerless to stop your gradual, agonizing descent onto the pavement.
Right now it feels like the economy is doing the latter. The virus came on suddenly but the economic effects are tipping off balance, pushing us slowly off our bike seats. As many people are unable to work, or are out of work entirely, they are wondering the same question: “How do I pay rent?” Even in good times, there were shocking reports that showed that almost three-quarters of American’s are living off of their paychecks, with little or no savings cushion.
Read more...Will U.S. Stimulus be Enough to Save the Upcoming Rent Shortfall? via Propmodo