In his latest economic report, Mr. Andrew Duguay, Prevedere’s Chief Economist, discusses how unpaid state-level contributions to federal unemployment benefits across most of the United States have created record-low consumer sentiment. Consumers who have suffered through delayed and significantly lowered unemployment payments remain uncertain about the future.
Mr. Duguay also delves into somewhat contradictory housing market data. In response to COVID-19, home buying trends, such as buying second homes and moving to more rural areas, are rising at staggering rates. This positive growth juxtaposed with a significant segment of the population now struggling to pay mortgages is causing concerns that a housing bust may be on the horizon.
What does the amalgam of the latest data mean for economic recovery? Find out in Prevedere’s latest report.
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