wild 6 weeks can erase 11-12 years of gains.
while most people do need it, not everyone who files for unemployment does it because they have nothing saved. I’ve always been taught to file for unemployment whether you need it or not, you paid into it. Furthermore, for some, it might be just enough to not have them fully erode savings while looking for another gig.
But hopefully this is a V recession like they say, because no way the economy/people can wait until there’s a vaccine
They're saying that to stop people from freaking out. No one knows really. The longer this it lasts, any hopes of a quick recovery are quickly dwindling IMO.