Fear of the coronavirus has shut down all but essential businesses. Economists have projected that unemployment could rise as high as 20%, compared with 3.5% this past February 2020. A survey conducted in mid-April by Strada Education Network found 62% of Americans worried about losing their jobs and 34% believed they would need more education to find a comparable job if they lost their current one. In this article, economists Neeta Fogg and Paul Harrington, formerly of Northeastern University, now at Drexel University, write about the role of the "gap year" in the time of coronavirus. They discuss rethinking college decisions, along with income and wealth changes.