{"id":51293,"date":"2020-02-22T20:58:01","date_gmt":"2020-02-23T01:58:01","guid":{"rendered":"https:\/\/olduvai.ca\/?p=51293"},"modified":"2020-02-22T20:58:05","modified_gmt":"2020-02-23T01:58:05","slug":"the-cost-of-covid-19-quarantine-would-you-be-financially-prepared","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=51293","title":{"rendered":"The Cost of Covid-19 Quarantine: Would You Be Financially Prepared?"},"content":{"rendered":"\n

The Cost of Covid-19 Quarantine: Would You Be Financially Prepared? <\/a><\/h3>\n\n\n\n

As the world tries frantically to contain a rapidly spreading outbreak of Covid-19, schools, public venues, tourist attractions, and workplaces are being closed in an attempt to keep even more people from contracting the illness. Quarantines and self-isolation protocols are also being instituted across the globe for those who may have been exposed.<\/p>\n\n\n\n

Of course, everyone knows that millions of people in China have been in lockdown<\/a> for more than a month. People are told to stay home, many businesses have ceased to operate, and Chinese New Year celebrations simply didn\u2019t happen this year. China\u2019s debts are all coming due now<\/a>, at the worst possible time as the financial loss for the country has been astronomical. For example, car sales are down 92%<\/a> and Lunar New Year celebrations and travel that usually earn a billion dollars<\/a> were canceled.<\/p>\n\n\n\n

And that tourism hit affects far more than just China. In 2017, Chinese outbound tourists spent $258 billion<\/a>around the world. The airline industry is bracing for a $29 billion<\/a> dollar hit. All in all, this virus could end up costing the global economy more than 1.1 trillion dollars<\/a>, a number that is practically unfathomable.<\/p>\n\n\n\n

While the numbers cited here are outrageously large, obviously, these losses aren\u2019t only going to affect \u201cthe economy\u201d and \u201cthe businesses.\u201d They\u2019re going to have devastating effects on normal folks who just want to go to work, pay their bills, and keep living their lives normally.<\/p>\n\n\n\n

A great deal has been written about the economic hits on a global scale<\/a> as well as the shortages we could soon expect<\/a> as production in China grinds to a halt, but what about simply being able to pay your rent when your workplace or business is ordered to shut its doors?<\/p>\n\n\n\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

The Cost of Covid-19 Quarantine: Would You Be Financially Prepared? As the world tries frantically to contain a rapidly spreading outbreak of Covid-19, schools, public venues, tourist attractions, and workplaces are being closed in an attempt to keep even more people from contracting the illness. Quarantines and self-isolation protocols are also being instituted across the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4],"tags":[28817,29011,6156,5756,7258],"class_list":["post-51293","post","type-post","status-publish","format-standard","hentry","category-economics","category-environment","tag-coronavirus","tag-covid-19","tag-daisy-luther","tag-the-organic-prepper","tag-viral-outbreak"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51293"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51293\/revisions"}],"predecessor-version":[{"id":51294,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/51293\/revisions\/51294"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}