Lower income people were already very anxious well before COVID-19. The price of crude oil has been on a two-day roll. Airlines focus on frequent flyers. The Treasury Department says it will borrow $3 trillion in three months.
But those earning under $25,000 are about as anxious now as they were before the pandemic.
The last thing airlines want is for customers who fly business class to opt for rival carriers.
That’s almost triple what the Treasury borrowed in the 2019 accounting year.