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Apr 2, 2020

“Forgive our debts”

Does the COVID-19 economy need a widespread easing of debts? The official jobs report this week will not capture the entirety of the mess our economy is in.

Consumer debt, led by credit card spending, has been on the rise in the U.S. in the past few years. — Consumer debt, led by credit card spending, has been on the rise in the U.S. in the past few years.
Joe Raedle/Getty Images

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Segments From This Episode

Pay no attention to Friday’s jobs numbers
by Mitchell Hartman
Jim Watson/AFP via Getty Images
The BLS monthly jobs report is based on surveys conducted in mid-March, before the recent wave of layoffs and furloughs.
How a debt jubilee could help the U.S. avert economic depression
by David Brancaccio and Daniel Shin
Joe Raedle/Getty Images
One economist believes hope of avoiding a COVID-19 economic depression lies in full forgiveness of personal debts.

Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director