“The story of a wealthy businessman who annually gives out hundreds of $100 bills to strangers motivated a group of Phoenix students to start their own Secret Santa club. Steve Hartman has their story in “On the Road.””

Watch it all.

There is precious little assistance from the government for families who need a home health aide unless they are poor. The people working in these jobs are often woefully underpaid and unprepared to help a frail, elderly person with dementia to bathe and use the bathroom, or to defuse an angry outburst.

Usually, it is family that steps into the breach — grown children who cobble together a fragile chain of visitors to help an ailing father; a middle-aged daughter who returns to her childhood bedroom; a son-in-law working from home who keeps a watchful eye on a confused parent; a wife who can barely manage herself looking after a faltering husband.

Mr. [Frank] Lee finally found two aides on his own, with no help from an agency. Using the proceeds from the sale of his stake in a group of restaurants, including the popular Charleston bistro Slightly North of Broad, he pays them the going rate of about $30 an hour. Between his wife’s care and medical expenses, he estimates that he’s spending between $80,000 and $100,000 a year.

“Who the hell can afford this?” he asked. “There’s no relief for families unless they have great wealth or see their wealth sucked away.” He worries that he will run out of money and be forced to sell their home of more than three decades. “Funds aren’t unlimited,” he said.

Read it all.

Facing a severe shortage of aides and high costs, people trying to keep aging loved ones at home often cobble together a patchwork of family and friends to help. https://t.co/o7DgtCZFzp

— NYT Science (@NYTScience) December 4, 2023

More people are making hardship withdrawals from their 401(k) accounts, raiding retirement funds to cover emergency medical expenses or to avoid losing a home.

Hardship withdrawals from Fidelity Investments 401(k) accounts have tripled in five years, according to a report from the investment firm. The share of plan participants withdrawing money rose from 2.1% in 2018 to 6.9% in 2023.

“It’s a big problem, and it’s a growing problem,” said Kirsten Hunter Peterson, vice president of thought leadership at Fidelity.

Vanguard reports that hardship withdrawals have doubled in a four-year span, from a monthly rate of 2.1 transactions per 1,000 participants in 2018 to 4.3 in 2022.

Read it all.

Hardship withdrawals from 401(k) accounts have tripled in five years, according to Fidelity Investments. The share of plan participants withdrawing funds rose from 2.1% in 2018 to 6.9% in 2023. https://t.co/ktQZtj4Fus

— Stephen Miller, CEBS (@smiller_cebs) October 26, 2023

US borrowers who took on new debt in the middle of the pandemic are falling behind on repayments at unusually high rates, after lenders extended more credit to households helped by government stimulus. 

Federal programmes sent cash and froze certain loan repayment requirements for US consumers strapped by the economic shock of Covid-19. 

One effect was to drive up the median consumer credit score by 20 per cent to a peak of 676 in the first quarter of 2021, according to a report by TransUnion, a credit reporting agency. Credit scores above 670 are considered “good”. 

Lenders became more willing to provide consumer credit. Credit card and unsecured loan originations rose by more than half between 2020 and 2022, TransUnion said.

Read it all (registration or subscription).

Shocking news: the borrowers whose credit scores were inflated due to pandemic handouts are defaulting on after effects of binge borrowing.@FT: Late payments rise on US loans tied to inflated pandemic credit scoreshttps://t.co/hhppqjLfih

— Axel Merk (@AxelMerk) October 19, 2023

Two years of high inflation has many Americans shopping in places they wouldn’t normally, scouring for coupons and discounts and learning to do without.

The hit to the average budget is huge: The typical household spent $202 more in July than they did a year ago to buy the same goods and services, tweeted Moody’s Analytics chief economist Mark Zandi. “And they spent $709 more (in July) than they did two years ago.”

People, especially those with annual earnings less than $100,000, are trying multiple strategies to stretch their dollars, according to the Dallas Fed – from delaying major purchases and medical treatment to decreasing the use of utilities and tapping charities.

Read it all.

Two years of high inflation have ravaged most American households. Here's what resilient Americans have to do to get by, https://t.co/15QLDLp0Rd

— USA TODAY (@USATODAY) September 6, 2023

More Americans struggle to meet expenses now than in the immediate aftermath of the Covid-19 pandemic, when millions lost their means of employment, a Census Bureau survey showed.

About 38.5% of American adults — or 89.1 million people — faced difficulty in paying for usual home expenses between April 26 and May 8, according to the latest Household Pulse Survey. That’s up from 34.4% a year ago and 26.7% during the same period in 2021.

The Census Bureau collaborates with multiple federal agencies to compile the survey developed during the pandemic to collect data and measure household experiences to help inform federal and state governments.

Read it all.

More than 90 Million American adults struggle to make ends meet, the Census says https://t.co/mJgBnsYQ3V

— Bloomberg (@business) May 18, 2023

Direct cremations, when the body is cremated without a service and the ashes are returned to the family, have risen in popularity in the last few years, partly because they are the cheapest option.

Janet Jones, 70, of Attleborough, Norfolk, is considering whether to book one for herself and her husband, as she wants to make sure her two children can benefit from whatever money they have left.

Janet worked for 30 years in a GP surgery and her husband Chris, who she has been married to for 50 years, worked for 33 years in a factory.

“We’ve worked all our lives and we want our children to have that money to do something to remember us in their own way,” she says….

Average funeral costs were £4,056 last year, compared to an average cost of £1,647 for direct cremations, which now account for 18% of all funerals, according to insurer SunLife.

Read it all.

Andy Vermaut shares:Cost of living: 'I don't want a funeral, it's a waste of money': Cremations without a service are on the rise, but others say they need a funeral to deal with grief. https://t.co/WFVgbTRskC Thank you pic.twitter.com/LdmfDDZQyJ

— Andy Vermaut (@AndyVermaut) February 21, 2023

The percentage of Americans reporting they or a family member postponed medical treatment in 2022 due to cost rose 12 points in one year, to 38%, the highest in Gallup’s 22-year trend.

Each year since 2001, Gallup has tracked Americans’ self-reports of delaying medical care in the past 12 months due to cost. The latest reading, from Gallup’s annual Health and Healthcare poll conducted Nov. 9-Dec. 2, is the highest by five points and marks the sharpest year-over-year increase to date.

This change came amid the highest inflation rate in the U.S. in more than 40 years, which made 2022 a challenging year for many Americans. A majority of U.S. adults have said inflation is creating at least a moderate hardship for them. The public continues to view the state of the U.S. economy negatively, and Americans were more likely to name inflation as the most important problem facing the U.S. in 2022 than at any time since 1984.

Read it all.

The percentage of Americans reporting they or a family member postponed medical treatment in 2022 due to cost rose 12 points in one year, to 38%, the highest in Gallup’s 22-year trend. https://t.co/G37mr1fW1M

— GallupNews (@GallupNews) January 17, 2023

Nearly three million adults in the UK are estimated to have sought help from church or other religious organisations since the start of the year as a result of the cost of living crisis, according to research published today.

New findings show that overall almost four in 10 (38 per cent) of UK adults have sought help this year because of the squeeze on living costs, with family and friends the most common source of help at 24 per cent and 14 per cent respectively.

However the polling by Savanta, for the Church of England, also found that five per cent of UK adults, approximately equivalent to 2.6 million people, report having sought help from churches or other religious organisations.

Six in 10 of those who sought help from churches and other religions said they had received free food or groceries (60 per cent). Half said they received low-cost food or groceries (50 per cent) or hot food (48 per cent), and four in 10 (40 per cent) said they had been provided with warm spaces.

Read it all.

"Churches have been providing a lifeline to people struggling to balance their household budgets and provide for their families…"
– @BishopPaulB

Read more about how churches have been providing practical support at https://t.co/LhZxjDd0ZO.

— The Church of England (@churchofengland) December 22, 2022

The cost-of-living crisis is driving more parents and carers to resort to borrowing to get by, new research from the Children’s Society suggests.

In a survey of 2000 parents and carers of children under 18 in the UK, carried out in November and published on Monday, most respondents (86 per cent) reported being under financial strain.

Asked how well their household had been managing financially over the past three months, one third (34 per cent) said that they were “just about” getting by, 21 per cent said that they were finding finances “quite difficult”, while 12 per cent said that they were finding it “very difficult”.

The Children’s Society explains in a statement: “We considered those that said they found it quite or very difficult to manage financially during the last three months to be in financial strain; 33 per cent of those that responded indicated they were in financial strain.”

Read it all.

Increasing numbers of parents now borrowing to get by, Children’s Society survey finds https://t.co/VUAkVAZFc2

— Church Times (@ChurchTimes) December 20, 2022

It may be the most anticipated recession in history. Economists have been forecasting contraction for the US economy since at least April, shortly after the Federal Reserve began raising interest rates. But a bit like Godot, it has yet to show up. Credit the cash cushion American consumers and corporations built during the pandemic. But that will eventually disappear, and then the economy will nosedive.

In 2020 and 2021, generous unemployment insurance benefits, stimulus cheques and child tax credit payments helped households squirrel away roughly $2.3tn in excess savings — the amount above what they would have saved had there been no pandemic. This powered a surge in demand as the economy reopened (fuelling upward pressure on inflation). October retail sales posted their strongest gain in eight months. Consumption accounts for more than two-thirds of US gross domestic product growth, and so far spending has remained strong.

But with consumer price inflation running at 7.7 per cent in October and median wages rising 6 per cent, according to the Atlanta Fed’s wage growth tracker, people’s standards of living are falling. As stimulus programmes ended last year and the economy reopened — increasing opportunities to spend money — Americans’ cash war chest has been dwindling, and the spending extravaganza cannot last. Economists’ estimates for how much is left vary from about $1.2tn to $1.8tn. 

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"In the months ahead, the cash war chest will dwindle, earnings will suffer and unemployment will rise. Godot never came, but a recession will, sooner or later. Whether a soft or hard landing, there will be a much thinner cash cushion to buffer it." https://t.co/YVP35bjVL6

— Nomi Prins (@nomiprins) December 1, 2022

Mark Seed now runs a community food project in Trowbridge, east Cardiff.

BBC Wales analysis of new Census data suggests six of Wales’ most deprived communities are in the city.

A charity warns that struggling households do not just appear in areas long associated with poverty and policy needs to focus on people not places.

Trowbridge lies in what Mr Seed calls an “arc of poverty” from east to west of the Welsh capital, with issues endemic in his area.

“I’m still shocked by the fact that we have people who are eating pet food,” he said.

Read it all.

People in Cardiff 'eating pet food' as cost of living rises https://t.co/TiJt4NWaT0

— BBC News (UK) (@BBCNews) December 1, 2022

“Ahead of today’s statement one of our key concerns was to see benefits keep pace with inflation. So we welcome the Chancellor’s commitment in this regard but continue to call for the end to the two-child limit on Universal Credit, which hits some of the poorest families hardest.

“This is going to be a very hard winter for many. Our churches, in communities across the country, are already reporting alarming rises in demand for foodbanks and other services which have become a lifeline.

“It is heartbreaking to hear of people who just a year ago were donating to foodbanks but are now using them themselves.

Read it all.

“It is heart-breaking to hear of people who just a year ago were donating to foodbanks but are now using them themselves."

Read a response on the #autumnstatement2022 from @BishopPaulB and Bishop of St Albans, at https://t.co/Y7woEJn6EL.

— The Church of England (@churchofengland) November 17, 2022

You may listen directly or download it if you prefer.

Postcard-Farm-Fresh done in Adobe Illustrator
Proverbs 3:9 NIV

Honor the Lord with your wealth, with the first fruits of all your crops. #EncouragingArt #Fruit #AdobeIllustartor pic.twitter.com/GQrG0KX0na

— Encouraging Art (@CharlesBriley3) September 18, 2020

US consumers are standing firm in the face of hot inflation and rising interest rates — even if they’re spending with a little less gusto and a lot more frustration.

Retail sales excluding a price-induced drop in gas station receipts and a drop in motor vehicle purchases rose a better-than-expected 0.7% in July, Commerce Department data showed Wednesday. Building-materials outlets, electronics and appliances stores and online merchants were among those with firm gains in receipts before adjusting for inflation…..

“The most important takeaway is that consumer spending on goods is continuing to increase, even as the bulk of their energies have shifted to services,” said Stephen Stanley, chief economist at Amherst Pierpont Securities.

With China’s economy slowing down, Europe likely heading into a recession amid skyrocketing energy prices, the resilience of the American consumer so far is all the more remarkable….

Read it all.

US consumers are standing firm in the face of hot inflation and rising interest rates — even if they’re spending with a little less gusto and a lot more frustration https://t.co/APS1iHi80I via @markets

— Robert Burgess (@BobOnMarkets) August 17, 2022

Again and again, Knowles’s stories attest to a money machine devoted to nothing but its own perpetuation. She cites “no less a figure than UK Financial Services Authority Chairman Adair Turner”, who has described banks as engaged in “‘economically and socially useless activity’.” Big finance is a closed system designed by bankers to redistribute money among themselves. And to what end? The way Knowles tells it, having loads of money is not much fun at all. Jean-Paul Sartre described being rich as an “inherently nervous condition”; the plutocrats Knowles meets, along with their stay-at-home wives and spoilt children, are paranoid, bored or prima donna-ish to the point of mental breakdown. A Colombian woman who organizes VIP services in top-end London hotels tells Knowles that she once had to turn down a request to refloor a suite with turf: “the guest was bringing their dog and the dog would only use the toilet on real grass”.

Money begets purposelessness, particularly in the case of inherited wealth. An assistant to a billionaire’s son notes the “suffocating vacuity” and “emptiness” of lives spent making social occasions – invariably with other, identically aimless members of the super-rich – “last and shape the day”. Parties become an entirely recursive – and exhausting – means of establishing and maintaining one’s status. The spectre of transactionality – are they just after my money? – engenders a profound isolation, entrenched by security arrangements that are as extensive as they are largely absurd. London is not Iraq or Afghanistan. Former SAS soldiers are hired to drive the super-rich to their hair appointments or to carry out “pre-location sweeps” at fancy restaurants. “Spontaneous travel” is discouraged because it causes “severe security concerns”. Like so much in the world of the UHNWIs, security is self-perpetuating, seemingly provided for no other reason that, apart from propelling the CEOs of the security companies to UHNWI status themselves, it stands as a marker for the vast wealth it purports to protect.

Private tutoring operates in much the same way….

Read it all.

Our new Gilded Age — Exploring the strange world of the modern rich. @TheTLS (by Nat Segnit) https://t.co/bJZaX6qIdf

— Mark Storm (@marksstorm) July 1, 2022

Sariah Masterson had big plans this summer for a camping vacation at Natural Bridges National Monument in Utah. But the five-hour road trip seemed like a budget-buster once the price of gasoline hit $5 a gallon last month. Masterson and her family opted for a backyard campout at their home in Provo instead.

“I used that money to buy a couple of extra cots and we camped in the back with our kids,” she says. “The youngest is two. He woke up in the middle of the night and then we all went back inside.”

The high price of gasoline and other goods is interrupting the dreams of a lot of Americans this summer.

Read it all.

It’s summertime. But the cost of living is anything but easy. Record gas prices likely pushed inflation to a four decade high last month. – https://t.co/YesOyKSOaj

— scott horsley (@HorsleyScott) July 13, 2022

Decisions about the distribution of grants will be made at diocesan level but it is expected that people from the following groups will be eligible to apply:

–Stipendiary clergy, including curates
–Self-supporting ministers with a provided house (‘House-for-Duty’)
–Salaried lay workers employed by the diocese or parishes such as youth and children’s workers
–Retired clergy carrying out a specific role in support of Diocesan ministry as agreed by or at the request of a Bishop or Archdeacon

A Church of England report published last year backed targeted support for clergy facing financial challenges such as those with larger families or with no additional household income other than the stipend.

Read it all.

Excellent that this funding for help with cost of living crisis includes salaried youth and children's workers and other lay workers. Just so sad it's needed. https://t.co/5cVOvg8oOl

— Lucy Moore (@lucybmoore) May 10, 2022

‘A Long Island woman received a scam call that her grandson was in a drunken car crash. She notified the police, who helped tackle the fraudster when he showed up demanding money.’ Watch it all.

Five months after Kassandra Jones earned her master’s in public health from New York University in May 2019, she still hadn’t landed a job in the field. She was staring down a six-figure student-loan balance and had to pay for rent and food.

So she sold her eggs. Again.

Ms. Jones first harvested her eggs before starting at NYU in 2017 to help pay for moving to the city, she said. She received a $12,500 annual scholarship and relied on $131,000 in federal loans to cover the rest of her tuition and expenses. She has given her eggs five times, including to an NYU fertility clinic, earning $50,000.

Now 28 years old, Ms. Jones is working freelance on public-health campaigns for nonprofits making about $1,500 a month, which isn’t covering her living expenses, she said. She is applying for new jobs and considering leaving the field. “There are definitely moments where that number just looms as this tunnel that doesn’t have a light at the end of it,” she said of her debt. “It feels like I’m kind of trapped.”

Read it all.

An NYU grad has more than $160,000 in student loans and struggles to land a job in her field. So she sells her eggs. https://t.co/POJLtZDk3g

— The Wall Street Journal (@WSJ) December 19, 2021

It’s a hidden crisis that has existed for years inside one of the most well-funded institutions on the planet and has only worsened during the coronavirus pandemic. As many as 160,000 active-duty military members are having trouble feeding their families.

That estimate by Feeding America, which coordinates the work of more than 200 food banks around the country, underscores how long-term food insecurity has extended into every aspect of American life, including the military.

The exact scope of the problem is a topic of debate, due to a lack of formal study. But activists say it has existed for years and primarily affects junior-level enlisted service members — ranks E1 to E4 in military parlance — with children.

“It’s a shocking truth that’s known to many food banks across the United States,” said Vince Hall, Feeding America’s government relations officer. “This should be the cause of deep embarrassment.”

Read it all.

“This should be the cause of deep embarrassment.” As many as 160,000 active-duty U.S. military members are having trouble feeding their families, according to Feeding America, which coordinates the work of more than 200 food banks around the country. https://t.co/Eu1QGONK73

— The Associated Press (@AP) November 14, 2021

Soaring property prices are forcing people all over the world to abandon all hope of owning a home. The fallout is shaking governments of all political persuasions.

It’s a phenomenon given wings by the pandemic. And it’s not just buyers — rents are also soaring in many cities. The upshot is the perennial issue of housing costs has become one of acute housing inequality, and an entire generation is at risk of being left behind.

“We’re witnessing sections of society being shut out of parts of our city because they can no longer afford apartments,” Berlin Mayor Michael Mueller says. “That’s the case in London, in Paris, in Rome, and now unfortunately increasingly in Berlin.”

Read it all.

Around the world, an entire generation is being locked out of home ownership – and governments don't know how to fix it

Read The Big Take ⬇️ https://t.co/ZcdoCSGTWu

— Bloomberg (@business) September 20, 2021

Americans owe nearly twice as much medical debt as was previously known, and the amount owed has become increasingly concentrated in states that do not participate in the Affordable Care Act’s Medicaid expansion program.

New research published Tuesday in JAMA finds that collection agencies held $140 billion in unpaid medical bills last year,. An earlier study, examining debts in 2016, estimated that Americans held $81 billion in medical debt.

This new paper took a more complete look at which patients have outstanding medical debts, including individuals who do not have credit cards or bank accounts. Using 10 percent of all credit reports from the credit rating agency TransUnion, the paper finds that about 18 percent of Americans hold medical debt that is in collections.

The researchers found that, between 2009 and 2020, unpaid medical bills became the largest source of debt that Americans owe collections agencies. Overall debt, both from medical bills and other sources, declined during that period as the economy recovered from the Great Recession.

Read it all.

Unpaid medical bills are now the largest source of debt held by collection agencies.

That wasn't true a decade ago. https://t.co/UReU5SynBd

— Sarah Kliff (@sarahkliff) July 20, 2021

Seven in ten (70%) U.S. adults say lowering health insurance premiums should be a high priority for President Joe Biden and his administration among key healthcare issues, followed closely by lowering drug costs (66%) and reducing the uninsured rate (63%). These results are based on a new study conducted by West Health and Gallup.

Democrats are more likely than Republicans to prioritize lowering health insurance premiums and the cost of prescription drugs, but majorities of both groups agree these cost reduction goals are high priorities. In contrast, 90% of Democrats (and 60% of independents) but only 30% of Republicans regard reducing the uninsured rate as a high priority. These results come at a time when 26% of adults report there has been at least one time in the prior 12 months that someone in their household did not pursue care due to the cost, matching levels measured in early 2019.

This survey was conducted by web from Dec. 15, 2020-Jan. 3, 2021, with 3,100 adults, ages 18+, living in all 50 U.S. states and the District of Columbia via the Gallup Panel, a scientifically populated, non-opt-in panel of about 110,000 adults nationwide.

Read it all.

In the latest research from West Health and Gallup, 70% of Americans say lowering health insurance premiums should be a high priority for the new Biden administration. https://t.co/qf1u9ielij

— GallupNews (@GallupNews) January 28, 2021

AWKA, Nigeria — In the small family portrait gallery hanging above the television in the cozy home of the Iloanya family, only two framed photographs remain that include the youngest son, Chijioke.

He disappeared eight years ago. His parents, Hope and Emmanuel, last saw him in handcuffs in a police station run by the feared unit known as SARS — the Special Anti-Robbery Squad.

They have been searching for him ever since, along the way encountering an industry of merchants peddling hope: lawyers, human rights groups and the churches and pastors who asked for the photographs of Chijioke, promising to pray over them and help bring him back.

“They give you a prophecy that he will come back,” said Hope, a devout woman of 53, staring at the gaps on her salmon-pink wall. “Whatever they tell you to do, you do it.”

Read it all.

When a family’s child is taken by police, strangers show up on their doorstep. Promising help and wanting money.https://t.co/6UHgf8xVTX

— Ruth Maclean (@ruthmaclean) December 23, 2020

One is thriving after switching from online public school to in-person private education. The other is struggling, stuck in her virtual classroom.

The lives of these two girls, Ella Pierick and Afiya Harris, encapsulate the growing divide in U.S. education as more affluent parents flee public schools.

In Connecticut, enrollment fell 3%. Colorado reported a similar decline, with the steepest losses in one of its wealthiest counties. Chicago’s rosters dipped 4.1%, the most in 20 years.

Parents with means are instead homeschooling; joining with other families to hire teachers in so-called pandemic pods; or signing up for private schools. Poor and minority children often have no choice but to attend inferior virtual classrooms, and some are just giving up entirely.

Read it all.

Affluent families ditch public schools, widening U.S. inequality https://t.co/eox2j7ujxg via @business

— David Wainer (@david_wainer) December 21, 2020

Federal employees who violate religious freedom protections can now be held liable for monetary damages they cause after the Supreme Court ruled Thursday that the law allows people of faith to seek financial relief.

Money is “the only form of relief that can remedy some … violations,” wrote Justice Clarence Thomas in the court’s unanimous decision.

Justice Amy Coney Barrett did not take part in the case because oral arguments took place before her Senate confirmation.

Read it all.

Supreme Court rules that religious freedom law allows for monetary damages https://t.co/GvwpT3bXsy pic.twitter.com/ABRIsA6KLC

— Kelsey Dallas (@kelsey_dallas) December 10, 2020

Around 60,000 families forced onto Universal Credit by Covid-19 could have essential support restricted by the government’s hated ‘two-child limit’.

Families who have to claim the benefit because of job losses and illness will find they are denied support for more than two children.

Ministers have refused to scrap the policy, even temporarily during the coronavirus crisis….

A new report by the Church of England and Child Poverty Action Group said the virus crisis had exposed the injustice of the policy, which mostly hits working families.

Read it all.

60,000 families forced onto Universal Credit by coronavirus ‘to be hit’ by two child limithttps://t.co/RYQayoOmGK pic.twitter.com/yIytrcTJMd

— Mirror Politics (@MirrorPolitics) May 4, 2020

It has been about two weeks since the Illinois governor ordered residents to stay at home, but nothing has changed about Adarra Benjamin’s responsibilities. She gets on a bus nearly every morning in Chicago, traveling 20 miles round trip some days to cook, clean and shop for her clients, who are older or have health problems that make such tasks difficult.

Ms. Benjamin knows the dangers, but she needs her job, which pays about $13 an hour. She also cannot imagine leaving her clients to fend for themselves. “They’ve become my family,” she said.

In cities across America, many lower-income workers continue to move around, while those who make more money are staying home and limiting their exposure to the coronavirus, according to smartphone location data analyzed by The New York Times.

Although people in all income groups are moving less than they did before the crisis, wealthier people are staying home the most, especially during the workweek. Not only that, but in nearly every state, they began doing so days before the poor, giving them a head start on social distancing as the virus spread, according to aggregated data from the location analysis company Cuebiq, which tracks about 15 million cellphone users nationwide daily.

Read it all.

People staying at home: White collar professionals with home offices

People going to work: Nurses, grocery store workers, yard maintenance workers, postal carriers, construction workers, bank tellershttps://t.co/l11m8OBoGQ

— Brandon Friedman (@BFriedmanDC) April 3, 2020

In other cases, the rich aren’t going east or west, but down. Gary Lynch, general manager of Rising S, a Texas maker of safe rooms and bunkers that range in price from $40,000 to several million dollars, said he had added a second shift of 15 workers to handle the flood of new orders, mostly for underground bunkers.

“I’ve never seen interest like there is now,” said Mr. Lynch, who has taken to turning his phone off at night so he can get some sleep. “It has not let up.”

Read it all.

‘A pandemic caste system is rapidly developing: the rich holed up in vacation properties; the middle class marooned at home with restless children; the working class on the front lines of the economy, stretched to the limit..’https://t.co/Z1TDkhN87w

— Carole Cadwalladr (@carolecadwalla) March 27, 2020