We Who Live in the Real World

from The Economist, 25 July 2020, p. 17:

  • New confirmed infections are surpassing their previous peaks in mid-April, sometimes exceeding 70,000 per day. The unemployment rate in June was 11.1%, and the Congressional Budget Office (CBO) expects it to decline only modestly to 8.4% in 2021. The “v-shaped recovery” that America had hoped for seems out of reach. About 18m are still unemployed, compared with 6m before the recession. Surveys from the Census Bureau show that 16% of adults who owe rent or mortgage payments missed them last month, and 11% report that they do not have enough to eat at least some of the time (compared with 8.8% in early March). Eviction notices, many filed by landlords who are also struggling, have begun to pile up.

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