In addition what your situation is during the shutdown process.
My family has enough financial reserves to carry us maybe 4 months, if I had to rely solely on those funds. Fortunately I ma still earning a paycheck, as is my wife also. I am able to work from home, while my wife has to physically appear at her place of employment.
If one or both of us were unable to keep our income stream, then our outlook would obviously be one of more concern.
Lastly, the type of business you make your income from plays a big role also. If it is a restaurant, for example, then after the virus is under control you may have no where to return to, to reopen your personal income stream.
So panic regarding income seems more likely and even understandable, then the panic that ensued due to the virus.
Yup, I have about 6 months of cash on hand, plus with my job, I’d get 7 months of severance if I was laid off (counting paid leave), which is unlikely. I am, however, bracing for a potential 20% reduction in salary for the rest of the year, which most of our industry (lodging) has done for all corp office personnel still not furloughed. I’m guessing they will issue stock grants equal to the difference if we go that route but we’ll see.