Quoted: A 2015 study of influenza and credit card and mortgage defaults in 83 metro areas found the largest effects were for 90-day defaults, suggesting a flu outbreak has a “disproportionate impact on vulnerable borrowers who are already behind on their payments.”
“And that’s just a regular flu, not a pandemic where you actually are having people sent home before they’re sick,” said J. Michael Collins, one of the study’s authors and professor and director of the Center for Financial Security at the University of Wisconsin-Madison.