This sort of action is what we need across the economy. Cancellation or deferral.
Rent deferral, interest deferral, mortgage deferral... etc.
At the individual level maybe limit it to the lower 50%-70% of income earners. Cancel interest and utility/rent/mortgage payments for lower income population. Do it for 2-3 months.
The upper half will just eat into their savings some but won’t suffer like those living paycheck to paycheck.
I’m fine coming out of this with $15k less savings. Im not ok with my neighbor becoming homeless or permanently in debt because of it.
Rent deferral, interest deferral, mortgage deferral... etc.
At the individual level maybe limit it to the lower 50%-70% of income earners. Cancel interest and utility/rent/mortgage payments for lower income population. Do it for 2-3 months.
The upper half will just eat into their savings some but won’t suffer like those living paycheck to paycheck.
I’m fine coming out of this with $15k less savings. Im not ok with my neighbor becoming homeless or permanently in debt because of it.