Florida food bank demand surges by 600 per cent, Line of cars stretches for miles
The images in the attached link are interesting. Indeed a single file line of cars stretches down the highway as people seek food help, but as one who enjoys cars your editor couldn’t help noticing that many if not most of the cars in the line appear to be pretty new and some quite expensive. (One yellow and black $45,000 Camaro stands out. A few cars back an E Series Mercedes.)
This doesn’t mean that because these people have relatively nice cars that they don’t need help. In fact it’s very likely the contrary.
Many people are living very close to the edge, a lifestyle enabled and encouraged by easy debt. This may be what we see here. It may also mean that there are bad times ahead for car loan servicers. The payments on that Camaro are likely significant. If one is having a hard time putting food on the table, as many many people undoubtedly are, the car payment is likely to fall by the wayside.
(From The Daily Mail)
‘The math is not on our side,’ Vatske said.
More than 520,000 Floridians have applied for unemployment since March 15, compared to 326,000 in all of last year.