There are consequences for everyone, but some people may come out ahead on this one. I’ve locked in a crazy low refinancing rate on my mortgage, I’m going to refinance student debt, and my child staying home saves me A LOT since I don’t have to pay for daycare. There are consequences, but I may literally be better off financially (assuming the virus doesn’t get me).
Edit: Example of consequences being my high-interest savings account has dropped about 1.5%, but everything else is going well so far.
Edit: Example of consequences being my high-interest savings account has dropped about 1.5%, but everything else is going well so far.