At the moment, what I feel has been helping the economy in preventing a further increase in insolvency—considering all the shocks from underperforming purchasing power, increased costs, higher interest rates than in the decade before the pandemic—is the fact that households haven't seen the income shock, which has allowed them to better weather all those shocks.
The concern is going forward. Each time we have a negative shock, we need to be careful. If we see a big wave of rising unemployment and layoffs, this could unravel very rapidly.