I learned long ago in my old Pete Rose class that worst-case scenarios almost never happen.
The horror story running through a lot of peoples heads is just not going to happen. The future does not look rosey but it won't be that bad. If somehow you have to change your lifestyle then perhaps it's for the best.
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CHK ——> CHK.BK
I think your previous 'lesson learned' is out of date and irrelevant when it comes to what's happening with businesses and the stock market (which ties into mutual funds, 401Ks, retirement plans, etc). NEVER has this country experienced a 90% shutdown of all businesses where every sector will be impacted either directly or indirectly. In other words, what's happening is UNPRECEDENTED, so even the so called "experts" can calculate or predict what the economic damage will be. EVERYONE is now looking to the government for a bailout. I give the government a lot of credit for wanting to stimulate the economy with trillions of dollars (that's what it'll eventually cost).
The difference between the 2008 crisis and today's crisis? Back then we were giving money out for people to work, and things were produced or services rendered. During this crisis we're giving people money to NOT work (I agree that social distancing is necessary). Guess where the trillions comes from? Yes, I know, I know, the money printing press, BUT truly, it comes from tax payer revenues and collection. Guess what's NOT happening when millions can't work? You're not producing anything, and you're NOT collecting any TAXES to pay for the bailouts and handouts!