Reopening Businesses Doesn’t Mean People Will Start Spending

Since the outbreak of COVID-19, we have been bombarded with stats and facts about the economic fallout. But what does it all mean? Raj Chetty is trying to make sense of it in his role as economics professor at Harvard and director of the research group Opportunity Insights. The group's new index looks at jobs, income and spending, neighborhood by neighborhood, with some surprising conclusions.