Why change subject? I thought we are talking about bad debts? Why don't you look at Afterpay's bad debt in the midst of the pandemic, BEFORE there was any government stimulus?
https://hotcopper.com.au/threads/objective-analysis-bnpl-bad-debt-explained.5388454/
This thread explains it and also notes the commentary by Sezzle, Afterpay and Z1P at the depth of the crisis (It was around this time I threw my savings, kitchen sink and gf at Afterpay).
You're making vague and ill-informed comments without providing any anecdotal evidence, just an opinion. Which is odd because there is a lot of evidence out there that suggests your "theories" are wrong.
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