Coronavirus Money – Can We Believe the Math?
While the devil is always in the details, the statements from the government indicate that everyone will be made whole financially – both personal and business. Let’s say that’s true for most.
It’s also true that most are spending less overall during this “pause” or whatever you want to call it.
Simple math says most folks come out ahead. No income drop. Spending decrease. Final result – more cash in the wallet, fatter checkbook, lower credit card balance.
Or, what are we missing here?