You often hear that as bad as the economy is now, at least it’s not as bad as the 1980s. But in terms of impact on personal income, new data shows that it’s actually worse.
Lafayette is facing a severe housing crisis, with thousands of people at risk of losing their homes. This crisis started before the pandemic, but the coronavirus and its impact on our economy has just added fuel to a fire that’s now threatening to rage through our community.
On Monday, the price of oil had its greatest one-day plunge ever, and coronavirus officially arrived in Louisiana. These developments pose threats the Lafayette economy is particularly vulnerable to.