| When will we start traveling again? Here's what experts are saying | | |  | WED, MAY 06, 2020 | | | | The coronavirus pandemic will change the world forever. It has rocked the international economy and it has disrupted our lives like nobody could have imagined or predicted.
Just as this disease has shattered lives, disrupted markets and exposed the competence of governments, it will lead to permanent shifts in political and economic power in ways that will only become apparent over the next few years.
To help make sense of how this crisis will unfold, over the next few weeks (perhaps months) the CNBC news teams will present various segments in a new series, "The Next Normal." The teams will ask experts in various industries to weigh in and offer their best predictions on what the world will look like when the pandemic finally recedes.
Stay safe everyone. Wear those masks when you go out and wash those hands!
For more key stuff like this, please follow me on Twitter @jimpavia and check out CNBC's Financial Advisor Hub and CNBC + Acorns Invest in You: Ready. Set. Grow.
In an effort to assist our audience when it comes to money, we urge you to sign up for our 8-week learning course to financial literacy, plus get tips on managing your money during times of crisis, delivered to your inbox. Visit: www.cnbc.com/money101/. | | When will we start traveling again? Here's what experts are saying | | While the experts acknowledged that they didn't have a crystal ball, they all agreed that it would take around 18 to 24 months before there's a significant spike in demand and the industry begins to return to normal levels. In the meantime, the travel industry will undergo some very big changes. | | | | | | Consumer debt hits new record of $14.3 trillion | | Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 trillion clear of the previous nominal high of $12.7 trillion in the third quarter of 2008 during the financial crisis, | | | | | | This version of Warren Buffett | | "The version of Warren Buffett we got this weekend has been bruised by the bank stocks and battered by the airlines. He's had the joy of being among his live audience and fellow shareholders taken away from him ..." | | | |
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