Strome Business Minute With Dr. Jeff Tanner

Fed Chairman Jerome Powell says he expects the economy to rebound quickly once people are allowed to go back to work because the economy is fundamentally sound with no reason for continued recession. While many wish they shared his confidence, it's safe to suspect a fairly long recession will affect different sectors differently. For example, studies indicate that at least one-third of college-bound high school seniors are putting off going to college for at least a year. Another study indicated forty-two percent are undecided because college savings funds are being depleted early to pay rent and buy food when parents are unemployed. One result will be closure of an estimated twenty percent of colleges and universities. To learn more, visit odu.edu/business. This has been a Strome Business Minute, presented by the Strome College of Business at Old Dominion University.