As the report says:
“Forty-two percent of Americans believe that their children’s standard of living when they are older will be better than their own standard of living—a sharp decline from 57% in 2018 and the lowest level of optimism for the next generation since first measured in 1994.”
They are right to worry. The lockdowns have decimated America’s small businesses and many categories of workers. To think that the economic destruction will stay contained to those sectors would be wishful thinking on the level of the dog in the popular meme who says “This is fine” and continues to sip his coffee while the flames of a house fire get closer and closer.
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