this part can only be true about those who live on the very edge and that is only a very small percentage of them. otherwise normal people always have money in their pocket, in their bank accounts and on top of all that they have credit cards which they end up using during times like this to buy their essentials. the pandemic has to go on for a much longer time than this for them to start feeling the need to sell their "assets" to cover their costs.
You're probably wandering around the right people who save their money for bad times. I've met enough people to know that most don't have a single dollar saved for these scenarios.
The same people go for so-called "investments" which are basically putting their money in some asset like BTC wishing to get rich overnight. They're also weak hands and get out of their investment either as soon as BTC's price drops by >5% or as soon as they need a larger amount of fiat.
Pandemic prepping is very costly if you want to be well ready for it. Don't forget that a lot of people live in rented apartments and all of us have to pay utility bills. Even if you have $1k saved, it's simply not enough. I just can't trust the authorities enough to ignore the fact that someday they may officially announce that even supermarkets will have to close because
that is when true panic and chaos begins.