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Reply to "America is in an economic tailspin. Why does life feel so normal?"
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[quote=Anonymous] Wonder about this too, OP. I see long lines outside stores and I wonder how people have money to shop. Couple of things going on I think. First, the unemployment assistance has propped up people who lost jobs. Second, the PPP kept a lot of people working longer than economic demand suggested they should. Third, the stock market is still healthy, which insulates a lot of people — businesses, retirees, many of us with 401(k), 529s, etc. I fear each of these is on the way to getting worse, and then I predict we will all (or most of us) will feel much closer to the economic pain. [/quote]
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