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Dear Reader:

Reports of layoffs of the middle class while corporations’ stock keep rising is the “new normal” we should all be concerned about. The middle class is the backbone of any healthy economy, and it is being systematically eliminated right now.

In my humble opinion, if you are not moving forward, you are moving back. And if we are being honest with ourselves as a culture, our economy is not moving forward for most. Sure, corporations are doing just fine, and politicians aren’t having trouble paying their bills. But most of the rest of the country has not been as fortunate.

The overreaction to the coronavirus pandemic has been disastrous financially for the many while those at the top are only raking in more money.

This “recovery,” if you an even call it that, seems one sided.

There has been a “40% eruption in bankruptcy filings” in New York City so far in 2020, and one bankruptcy lawyer is warning that “there will be an avalanche of bankruptcies” as we approach the end of the year.

As more businesses collapse, more workers will lose their jobs.  So even though we have already seen more than 60 million American workers file new claims for unemployment benefits in 2020, more waves of unemployment are still on the way.

Airlines, Disney, and retailers are laying off workers. Some businesses are closing for good and others are barely holding on. Any new regulation could end more businesses further damaging an economy that looks like it is going to take a decade to repair.

This is the absolute worst “recovery” in a “new normal” in history.

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    The “new normal” has the appearance of a dystopia. For those without an income, things look bleak as they struggle to put food on the table. So, before we jump on our high horse and start calling whatever this is a “recovery” we need to really look deep at the whole picture, which is not even close to done unfolding.

    Because of that, we should understand that some got off easy. Those closer to the top are thriving while those who were already near the bottom are in an even tighter spot. It is time to kick our humanity into overdrive.

    Let’s level up and step it up for others as our fellow human beings. If you can help someone, do so. If you have everything you need, be grateful and give back. This economy can be rebuilt, but we must work together. We must take care of each other and stop relying on politicians for answers that are wrong far more often than they are right.

    We can do great things, but we first need to realize others are hurting and doing what we can to help alleviate some of that pain, financially or otherwise, is simply the right thing to do.

    Best Regards,
    FutureMoneyTrends.com

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