After the current golden age ends it
starts to get really dicey.
Scott, of PAR, worries of a crisis in New Orleans, in particular. At the end of July, supercharged unemployment benefits of $600 a week on top of the state’s cap of $247 a week will end. Evictions have resumed after being suspended for months. The Paycheck Protection Program funds for many businesses are being exhausted, and the customer base for a significant chunk of New Orleans’ economy, tourists, have vanished.
“You could end up with both a financial crisis for government services and also a real struggle for the human condition,” Scott said.
No comments:
Post a Comment