June 17. 2020

U.S. Vice President Mike Pence, U.S. President Donald Trump and U.S. House Speaker Nancy Pelosi

Millions of Americans are facing economic struggles due to the coronavirus outbreak (Covid-19). During the lockdown (March to June 2020), many businesses closed, never to reopen, as the debts, obligations, cash on hand and other accounts receivable, did not compute in maintaining a successful business model.

44,000,000 Americans filed for unemployment. Many have not received their first check. News broadcasts revealed some applied and were denied, even though they are eligible for unemployment assistance. It's not free money. People paid unemployment insurance for such reasons.

As the lockdown period is over, many payments for rent, mortgages, credit cards, car notes and leases, student loans are due again, but many Americans are out of work and without unemployment payments, and can't pay their bills. There will be a rise in evictions, foreclosures and repossessions in America. It will translate into a rise in bankruptcies and homelessness.

Many Americans are getting free food and clothing from charity organizations across the country who have stepped up to help those in need. However, enough has been done by the government to help the public in America. One stimulus check was issued in 3-months for $1,200, which can't even pay most people's mortgages or rent.

Meanwhile other nations such as Canada, Britain and France, among others, gave citizens generous monthly financial assistance during the coronavirus outbreak on humanitarian grounds. As stated previously, America is listed as the richest nation in the world. More assistance should have been provided, as the consequences of not doing so will mean horrible economic and social decline numbers.