all been talking about could be upon us. it s been such a fundamental part of keeping the u.s. economy out of the recession with all of the spending we re doing. the question is what do consumers do once this cash returns out? the backstop is weekly paychecks, monthly paychecks, all debt. that s especially true for lower income families. now as usual with economists, we can t decide. if there are down sides i can give them to you. obviously this cash cushion is running out. there s also the kicker of course of student loan payments kicking in in october. that s expected to pull $70 billion out of the u.s. economy, not negligible. then credit cards and loans are all rising. net delinquencies are back to where we were pre-pandemic. it s low because the labor market has been so strong. people have kept their jobs and wages are high.