COVID-19 has had a tremendous impact on global economies and it is still unclear when and in what form economies will return to normalcy. It’s the view of Schneider Downs Wealth Management that paying attention to the data, in times like this especially, is worthwhile given there is no emotion or opinion inherent in it. With that in mind, and with the help of Natixis Investment Managers, we wanted to shine some light on the information below, which was released on June 18, 2020.
What Our Outbreak Looks Like1: The outbreak has affected various age groups very differently. We found it particularly interesting that individuals age 64 or younger accounted for 68.8% of total US cases while maintaining relatively low fatality rates compared to older individuals.
Number of Small Businesses Open by Sector3: Similar information to the above chart, this chart shows the percent of businesses open by sector relative to the national median.
U.S. Fiscal Response5: The fiscal response in the U.S. specifically has been massive and fast moving. Below is a breakout of the different measures that have been taken and their respective dollar values.