I’ve been stumped in this pandemic by the U.S. consumer’s resilience. Unemployment peaked at almost 15% in 2020 and inflation’s near a 40-year high, but bankruptcies, evictions and debt delinquency have all been surprisingly low. The stories below explain the dichotomy. Federal stimulus payments boosted Americans’ savings and insulated them from inflation. Still, rising interest rates, soaring grocery bills and high housing and vehicle costs explain Republicans’ strong showings in polls lately.