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I don't know the actual statistics but my gut tells me that across the country people are maxing out their credit cards and within the next six months there will be a massive amount of bankruptcies filed.
Maybe some, but stats show most are not - that they have cutback on spending dramatically and putting cash into savings.
New threat to the economy: Americans are saving like it's the 1980s
Americans are slashing their spending, hoarding cash and shrinking their credit card debt as they fear their jobs could disappear during the coronavirus pandemic.
www.cnn.com
Which is smart on the individual level, not so good on the macro level. Long term it would be better, IMO, if the economy depended less on consumer spending (especially unsecured debt). I stopped spending so much back in December when the CEO of Daimler announced layoffs - I always payoff my CC debt each month too, but this next month will hurt (almost $4K in medical bills).
That said, defaults of various kinds are projected in the near term.