The Economic Crisis Caused By This Pandemic Has Dramaticaly Altered How Americans Living Their Lives

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The economic recession resultant from the health crisis is dramatically changing the way Americans live their lives. Millions upon millions of U.S. workers have been experiencing major financial setbacks, which have been causing immense stress and leading people to engage in self-destructive patterns of behavior, such as drug and alcohol abuse. However, even more concerning evidences that show how these financial struggles are altering the way we manage our lives can be seen in the very foundations of our society.
Housing arrangements are getting increasingly more precarious as the economic situation of numerous individuals is gradually worsening. The health crisis is forcing people to make some very hard choices. Since a significant part of our population remains jobless or working in limited conditions, many can’t afford to pay rent and have been abandoning their homes to live in vehicles, even though we are right in the middle of one of the toughest winters ever registered. As the economic deterioration is spreading across all sectors of our nation our living standards are being downgraded, and the new harsh reality millions have been facing is turning the American dream into the American nightmare. That’s what we discuss in this video. So stay with us, and don’t forget to share and leave a thumbs up in this video, and, of course, subscribe to our channel to keep updated with the next chapters of the economic collapse.
As we reported just yesterday, the recent ice storm has created a dramatic spike in demand, and this has pushed natural gas prices to unprecedented levels, skyrocketing up to 32,000% in some locations. It leaves us wondering if a short-term chillwave can cause this much disorder, what would happen during a long-term national emergency? Given that Congress and the Federal Reserve don’t have any plans to cut back on spending, the enormous increase in our money supply will eventually result in an aggressive inflation, and our paper dollars will become worthless while prices of pretty much everything will continuously rise.
Consequently, as living expenses become insanely high, our living standards are gradually decaying. While some Americans can still afford to pay overly inflated natural gas and electricity prices to keep their homes heated during this ravaging winter, a considerable part of the population is being forced to live in their vehicles due to outbreak-fueled woes. The rates of vehicle-dwellers are likely to grow even further as the government safety net is expiring and evictions and foreclosures are on the rise.
Right now, approximately, one in 500 Americans is homeless, mostly on the West Coast and in the Northeast region, according to recent estimates. But homeless advocates argue that people without permanent housing are chronically undercounted. Data is really hard to track, especially because there are tens of thousands of people living in their vehicles rather than on the streets.
For many who are experiencing homelessness, living in a vehicle is a better alternative to shelters or encampments. Vehicles provide a greater degree of autonomy and privacy, as well as more security and protection. Also, it’s a more comfortable option for families staying together. Oftentimes, shelter curfews make holding down jobs with irregular hours incredibly hard, if not impossible. Vehicle-dwelling also offers the possibility of enhanced isolation, which has helped many escape the worst stages of the outbreak.
In many jurisdictions, there is a ban against people sleeping overnight in their cars, and those who violate the prohibitions have to face really costly fines. In some cases, parking tickets and towed vehicles can be devastating for these people and cause them to lose their shelter and all their belongings, leaving them much more vulnerable than before and much less likely to recover financially. Many of those who have been forced to become vehicle-dwellers because of the health crisis used to live comfortably in their middle-class lifestyles, but now everything has changed.
Unfortunately, at some point, eviction moratoriums are going to be lifted and numerous experts have been alerting to what has the potential to be the largest tsunami of evictions in American history, which means a lot more people are going to end up sleeping in their vehicles – if they’re lucky enough to own a car. These are undoubtedly very troubled times, and things are about to get even more troubled in the months ahead.

Do you want to see more economic collapse news? http://theeconomiccollapseblog.com​​​”

Epic Economist

Epic Economist

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