Good news: Death on the decline, spending up
After months of bad news related to the coronavirus, it is a relief that there is some good news to report on the pandemic. Although the number of COVID19 cases is on the rise and all over the headlines, the number of COVID19 related deaths seem to be on the decline. As of June 25, 2020, there were 0.18 deaths in the US per 100,000 people. This could be due to younger people getting the virus and surviving. Data and history from 1918 still support wearing masks and keeping your distance.
Data from Bill & Melinda Gates Foundation
Consumer spending is a great indicator of the strength of the US economy. In the last report on June 17, 2020 from the Bill and Melinda Gates Foundation, consumer spending is down 8.6% from pre COVID19 spending. However, transportation and entertainment are still down 50%. Restaurants are down 35%. These are two industries that will be reshaped by the crisis.
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