The Presidential Daily Brief


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    The ‘Normal’ We Yearn for May Be Unfamiliar

    Income inequality was at its highest since the Great Depression — and that was before the pandemic. Now, journalist Anne Helen Petersen writes, Americans’ consumption-driven culture is threatened. Isolation and unemployment have taught us how to live without. Rather than patriotically purchasing to revive the economy as people did after 9/11, benefiting billionaires, as one rural Utah resident puts it, “this time the billionaires can do the heavy lifting.” Revolving credit dropped 31 percent from February to March while savings rates have grown — in both cases more than they have in decades — indicating the “normal” that Americans return to won’t be the same.

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