The COVID-19 pandemic has triggered an economic crisis of a magnitude not seen since the Great Depression. In the early months of the pandemic, as local businesses across the country closed, tens of millions of Americans lost their job. Now, more than half a year later, more than 11 million Americans remain unemployed and many shops and restaurants will never reopen. Here is a look at American businesses that might not survive coronavirus.
The recession ushered in by the novel coronavirus has not meant economic catastrophe for everyone, however. In fact, in the months since the virus reached the United States, many of the nation’s wealthiest citizens have actually profited handsomely. Over a roughly seven-month period starting in mid-March – a week after President Donald Trump declared a national emergency – America’s 614 billionaires grew their net worth by a collective $931 billion.