"There are more young people, those under age 29, who remain living with their parents now than any time in the last 120 years. It's worse now than it was after the Great Depression when 48% of young people remained living with their parents. And right now that rate is 52%."
The price of lumber nosedived across the country once the pandemic officially kicked off. As Fox Business reports, lumber prices hit a low back in April of 2020, but have now rebounded by 395%. Montana actually did better than expected in 2020. Here's the numbers.
Aside from natural gas, what else is brought to the surface when we drill for oil? Water. A lot of it. That's what makes a company eyeing a move to Billings, Montana even more interesting- they're able to take the wastewater from the oil fields and turn it into useable water for agricultural irrigation.
Billings business owners aren't the only ones worried about the impacts that COVID-19 are having on the economy here in Montana. The Montana Bankers Association surveyed their members and found that bankers in Montana are worried that 20% of Montana businesses could end up filing for bankruptcy.
"Montana’s biotech firms are innovators in a range of fields vital to the life sciences - vaccine development, diagnostic testing, bioinformatics, telemedicine, medical devices, cancer treatment, pain management, and development of cell culture media."