Looks like they DID put xmas on their credit cards.
'But these are the good times... And yet, there are these skyrocketing delinquency rates in the subprime subset of credit cards and auto loans. It means these people are working, and they're falling behind their debts.'
https://www.marketwatch.com/story/proof-that-the-booming-economy-isnt-working-for-a-chunk-of-the-population-2020-02-23