Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

As in, don't speak for the non-americans or you think this problem isn't going to affect people with savings, because I think that a huge proportion of the population being broke will have consenquences for the rest.


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.


All of your individual benefits are far outweighed by the collective loss of stability


I never said that this is a good thing. I’m just saying that the suffering will not be evenly distributed.


Exactly.


The latter, and while agree, it doesn't equate to being f'd




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: