Although the COVID-19 pandemic is challenging the strength of some marriage and family relationships, the American Family Survey indicates marriages and families in America are doing well and may be stronger in some ways than before the pandemic started.
Discussions of COVID-19 policy have often centered around two metrics: robust economic performance, as measured by GDP, and public health, as measured by deaths attributable to COVID-19. Places that do better on either metric, or both, are often judged to have had a better policy response than those that do worse. While this mode of analysis can be useful, there are reasons for caution.
As states continue to move forward weighing the costs and benefits of reopening, it is important to not only consider the economic and health consequences, but also how government shutdowns harm Americans’ mental health due to a loss of income, work, and social connections.
The pandemic need not have the final word; it can be an opportunity to ensure more parents have more opportunity to seek out an education that is not only high-quality, but one that is provided in the context they deem best for their individual needs.
A well-chosen and consistent monetary policy anchor will not solve every problem—and certainly not ones directly related to public health—but it can facilitate the execution of financial and business contracts and shore up the social contract by lowering uncertainty about the future.