Tag: recession
The COVID-19 recession is unlike anything this country has seen. If the second-quarter contraction were to continue at the same pace for a full year, the economy would shrink by a third! This is the deepest downturn since the Great Depression, and low-income Americans are feeling the brunt of it. What makes this recession unique,…
The brief’s key findings are: Before the virus, half of households were at risk of falling short in retirement. The virus-related surge in unemployment has likely increased the share of households at risk from 50 percent to 55 percent. And this increase does not capture the impact of lower asset prices and interest rates. In…
