Isn't that part of the problem though? Consumer debt? - people readily take on debt and live outside of their means..
Yes, that's a problem. But the solution isn't a massive wave of insolvency during a pandemic unless you want more suffering and greater political turmoil.
Thanks for the reply.
But, given the current situation, expenditure on travel and fuel will be significantly reduced in most scenarios, wont it?
Isn't that part of the problem though? Consumer debt? - people readily take on debt and live outside of their means..