Half of restaurant businesses everywhere are closed, permanently. People are moving back into their parents' homes. There isn't going to be a lot of money to go around for a long long time. People won't have the credit to buy cars. So many stories of financial distress. There may be a little bump that comes up from a few months of pent up demand, but this isn't going to be something that goes away for awhile. People are going to hold on to their cars until they feel secure again.
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False, there are tons of money in the stock market. Upper middle class will take their profit and continue to spend.