Because I'm a pensioner, and don't have kids depending on me anymore, or a lavish lifestyle, it doesn't seem to be affecting me, but it is affecting my kids. New cars, bathrooms, furnishings, etc, are put on hold for the time being.
At the risk of sounding like an old fart, the present situation might teach people to save their money, and buy things cash wherever possible. I know houses, and probably cars are an exception, but the amount of money saved is substantial.