This is a real time experiment in progress. People across the globe are watching how the distribution of wealth in each country relates to the economic effects

This is a real time experiment in progress. People across the globe are watching how the distribution of wealth in each country relates to the economic effects of this. There are a lot of confounding variables, some more related to wealth distribution (i.e. universal healthcare vs not), and some less related (timeliness of local authorities and government reaction). At the individual household level in the US at least, household savings are very low among large segments of the population (because of high wealth disparity), so there is very little to fall back on for most people. Depending on the length and severity of the pandemic, the 2T relief/stimulus bill may not be enough. Overall, this is a huge test for how whether the amount (or lack) of slack in important areas of the system - primarily income and health care, but others too - can cope with this shock.