Read the article: Quart, A. Serkez, Y. (2020)“ Who Has Enough Cash to Get Through the

Coronavirus Crisis?”. New York Times. Can be accessed through:

https://www.nytimes.com/interactive/2020/04/23/opinion/emergency-savings-coronavirus.html

Then write an essay discussing the following points in 300 words:

1. In the presence of relief programs and credit markets, are savings important to get through a

pandemic?

2. What is special about the American case that makes the saving level inadequate/adequate?

3. How does the article above attempt to answer the question?

4. What does the article conclude about household savings in the United States? What does this

imply for the post crises recover?

5. What are the implications for household indebtedness? Is the middle class in the United States

getting squeezed?