The divergence between a crumbling economy and overdue debts probably comes down to forbearance from lenders, according to Matt Komos, vice president of research and consulting at TransUnion. Financial companies were in pretty good shape going into this recession, and they’re fortified with enough capital to absorb losses for a while. Consumers have also gotten respite from the $2 trillion Cares Act, which includes a $1,200 check for Americans and beefed up unemployment benefits.

The loan forbearance is providing a temporary shock absorber for consumers. Leniency on mortgages, for example, might give borrowers some extra short-term cashflow, which in turn helps them stay on top of other debts like credit cards and auto loans, Komos says.

That said, financial stress is unquestionably on the rise. Financial hardship—defined as deferred payments, frozen accounts, and frozen past-due payments—is increasing rapidly.

The data show that a severe financial implosion has been delayed but not eliminated. Massive government aid programs and leniency from financial institutions have helped keep consumers afloat, for now. But everything depends on how quickly officials are able to restart the economy, whether emergency support for workers and business lasts long enough, and whether banks and financial institutions can afford to continue freezing accounts and deferring payments on debt.

“It’s temporary shock absorption,” Komos said. “The question becomes, how long and to what extent will it last?”