I don't think anyone can make an accurate prediction of how's it going to be in 1 month, let alone 1 year.

Never discuss with idiots, first they drag you at their level, then they beat you with experience.
 
neink:
I don't think anyone can make an accurate prediction of how's it going to be in 1 month, let alone 1 year.
Agreed
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I think the most significant way our lives will be different would be related to the economic devastation we will experience. Estimates for unemployment range from 10% to 30%. I originally thought the number would be about 15% which is more than we saw during the great recession and less than in the great depression. Just like GS, I am going to revise my estimate higher to about 25% and this does not include people working fewer hours. If we include people who are working fewer hours, the number might be 50%. The government will have to spend a substantial amount of money bailing out industries and individuals. I am not sure how a government goes bankrupt this is one way to do it.

I am sure lots of people who lose jobs will never get them back. I think this pandemic is going to have a substantial effect on programs like social security. The age of eligibility will likely rise or perhaps the whole program in its current form will be overhauled.

 

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