There is no doubt that the coronavirus pandemic has wreaked havoc on families and economics across the globe, including the U.S. economy. However, there is some hope as we move into our “new normal,” post-pandemic.
Saving More Money
Some Americans are saving more money, increasing their percentage of disposable income from 8% to 13%.
Driving Less
Total vehicle miles traveled fell 86% from March to April.
Less Driving = Fewer Accidents
California alone saw 15,000 fewer crashes in April.
Cleaner Air
Carbon emissions have decreased drastically since March.
Buyers Market For Used Cars
Car rental companies are expected to sell off their older models and flood the market.
Many Cities Report Less Crime
Many cities have seen a decrease in crime since March.
Homes Are Getting Cheaper
Some areas have seen home prices fall, making it easier for Americans to achieve homeownership.
For a more detailed description and corresponding charts, please read the full article here.