If we go by what Americans feel, the economy stinks. If we go by the activity of average Americans, the economy is getting better.
A $600 federal unemployment stipend and other government emergency-aid programs expired at the end of July and haven’t been reauthorized. On top of that, talks are going nowhere between Democrats and Republicans over how much to spend and on what. Lawmakers are now in recess until Labor Day. “With tens of millions of consumers set to see their incomes drop by $600 per week, that will undoubtedly have some impact on consumption,” said chief economist Curt Long of the National Association of Federally-Insured Credit Unions.
Another big setback for the U.S. labor market would just put more pressure on the economy and on politicians to do something to alleviate the pain.
Wait until that second stimulus check comes lol
Are people buying on credit cards?
Obviously not with 40% of bars and restaurants gone lol
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