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IPFS News Link • Economy - Economics USA

"It Doesn't Look Pretty": COVID's Harsh Financial Reality Continues Across The U.S

• https://www.zerohedge.com by Tyler Durden

Never was this more evident than in a recent WSJ piece that profiled several people the paper had checked in with during the year to see if their finances had recovered. 

A couple named Robert Rodriguez and Migdalia Wharton, who were previously out of work and couldn't pay their bills, "finally started getting unemployment benefits" over the summer before they "both found new jobs". At both new jobs, they are making less than their pre-Covid jobs. "We don't want to fall behind. The way things are, it doesn't look pretty," they told the WSJ.

Tow-truck driver and Repo Man Eddie Whiteman said during the spring "banks stopped calling him to repossess cars after their owners fell behind on payments" because lenders were "fearful of the optics". He says his business is running 15% slower than it was last year. "Nobody wants to look like the bad guy, and I get that. But it makes it hard for folks like me," he said.


www.universityofreason.com/a/29887/KWADzukm