Pandemics and the Economy (Housing Market.)
Pandemics have occurred throughout history & many scientists believe that it is only a matter of time before another one occurs. Pandemics can vary in severity from something that seems simply like a bad flu season to an especially severe worldwide influenza epidemic that could lead to high levels of illness, death, social disruption, and economic loss. Ebola could be another inevitable pandemic whether it hits the United States or not.
- Whether or not it hits hard in the U.S., the economy could suffer as it has in the past during any other pandemic. It is impossible to predict when the next pandemic will occur or whether it will be mild or severe. And how will this affect our everyday lives? The travel industry will suffer along with stock markets, trade, and the medical field. Housing markets could be next to plummet.
- The impact of an influenza pandemic, or worldwide influenza epidemic, is difficult to predict and would depend on many factors. However, based on economic and scientific finds, even a mild pandemic can hurt our otherwise still struggling economy even more. Housing markets could change. Stock markets crashing. Anything can happen, but the best thing to do is be prepared, both financially and physically. Now is the time to step up our own health and look to the future, whether that means putting a little extra cash away each month or finally selling that house you’ve been holding onto.
- Three influenza pandemics have occurred in the previous century alone–Spanish (1918), Asia (1957), and Hong Kong (1968). The Spanish flu killed tens of millions of people around the world, including at least 500,000 people in the United States.