how is it that in times of crisis major businesses will go bankrupt within months? Do they have no savings or what?
In: Economics
Something else to think about too is your own paycheck. You have money saved (if you’re responsible) but we’re living in extraordinary circumstances. How long could you survive off your savings and how much could you cut costs?
No one can objectively say how long things will be shut down at the moment or how long it will take customers to return even when things are safe. It could be several more months and a lot of responsible individuals can’t even last several months without some sort of income.
Disclaimer- I don’t think you need to panic, we’ll be ok but keep taking precautions and doing your best.
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