Yeah, no. I’ll take being laid off in 2019 over being laid off in 1919 any day!

Federal student loans are eligible for deferment during periods of financial hardships, including unemployment, for up to three years.

https://studentaid.ed.gov/sa/repay-loans/deferment-forbearan...

> Unsecured personal debt is at all-time highs.

> Nearly half of Americans have less than $1000 in savings.

Those both sound like bad financial planning. Pumping more money into the equation won't solve that.

There's no money left for savings when rents double over 10 years while wages only go up $1-2/hr.