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Saturday, October 10, 2020

Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class

Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class, which is being deliberately CRUSHED

Image: Coronavirus pandemic lockdowns worsen the “debt mountain” problem of the American middle class, which is being deliberately CRUSHED

(Natural News) Forty-three-year old Alysse Hopkins and her husband Ian Boschen earned a comfortable living in the suburbs of New York City. Their combined income of $175,000 covered the mortgage, two car leases, student loans, credit cards and the expense of raising two daughters.

But Hopkins’ work as a lawyer representing clients in foreclosure cases and personal injury lawsuits dried up after the coronavirus halted foreclosures and shut down courts. Now, their savings are running low, and their debt payments — at $9,000 a month — are starting to hurt, even after receiving unemployment benefits.

In an interview with the Wall Street Journal, Hopkins expressed her frustration: She had a law degree and almost 20 years of practice under her belt — yet she was unable to earn a living.

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