1/2 Billion More People in the World

will be living in poverty thanks to coronavirus.

And the American jobless has reached the level of the Great (1939) Depression. With some authorities predicting a summer or fall restart, we can expect many businesses to not reopen even if we’re able/ready to shop.

There is also some question if groceries and medicines may run out

How people will be able to pay the rent or mortgage is another question. As is the problem with many now not being able to retire when they had previously believed possible. Retirees with investments in stocks will take a major hit on their nest egg; even their non-stock RRSPs and RRIFs will take a hit.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply