At this point, between the gov and the Fed, we should all be ass deep in cash. The Fed's latest money printing venture is over $20k/person. Get yours? I ain't got mine yet. I wonder where it went?
Between the Fed's money-printing and the government's stimulus roll-out, most of that money is going to businesses that are so poorly-run that they can't sustain a 4 week downturn in business.
What precedent does that set?
Over the last 5 years, having two young kids, my wife and I set out to have 52 weeks of expenses saved up, and we're currently at 60-ish weeks... well, now with student loan payment halts and mortgage relief, more like 65-70 weeks. And we have short term disability, general disability, life insurance. If something happens, it won't be easy, but the finances won't be an issue.
But you're telling me many of the largest companies in the world don't have a backup plan? Bull. They set themselves up EXACTLY to be where they are. Period. They should have to live with it.