Yes, they are screwed if they just roll over and give up. Don't feed into their fears.
Some businesses are booming right now. Computer companies that offer virtual meetings, grocery stores that offer curb side pick-up. Amazon and all delivery services. Even some furniture stores! What you say? Try to buy a child's desk these days. They are sold out, even at Goodwill and Salvation Army. It's homeschooling and remote learning.
The economy isn't dead. We are experiencing a massive redistribution of money from one sector of the economy to another, from one citizen to politicians like Pelosi and Burr.
Don't feed into your kids fears. Be positive. Point out the opportunity.
Did you look at the graph?
And what about the severe debt the state, local and federal governments are all going into over this? you don’t just climb in the car, start the ignition, and everything’s fine. yes, many will be unaffected. Many were unaffected in the 1930’s, but still. And let us not forget what ended that one.