https://www.cnn.com/2020/07/22/investing/credit-card-debt-synchrony-unemployment/index.html
"People got forbearance on credit cards, mortgages and auto loans. Everything got pushed out," Keane said. "As forbearance and stimulus wears off, we're definitely in a rockier place."
In other words, the financial pain got delayed, not canceled.
"It'll almost certainly get darker from here," Brian Wenzel, Synchrony's chief financial officer, told CNN Business.