With the spread of COVID-19 taking place in Kansas, across the country, and across the world, we have seen the economy take a massive hit. Huge dips in the stock market, massive layoffs, and underemployment and unemployment as businesses close to respond to the health crisis.
The country is due for a recession, and the COVID-19 pandemic might be the catalyst for bringing it on. Unfortunately, most states are not fully prepared for the next recession. According to a new report from the Center on Budget and Policy Priorities, states vary widely in their preparedness for the next recession.