3 ms·
headline: 40% would struggle to cover $400 debunker: actually the data says 12% data: 12% can't cover $400, 28% would have to borrow the money or sell somethi
by metalliqaz 7y ago
headline: 40% would struggle to cover $400
debunker: actually the data says 12%
data: 12% can't cover $400, 28% would have to borrow the money or sell something to cover $400.
original author: yeah, I added 12 and 28 to get 40 and said "struggle"
Newspapers definitely use narratives to sell papers (or get clicks these days). This is a thing that I don't deny. It has always been a thing.
But it wasn't quite the strong debunking that I expected
- woobar 7y agoAlso same data: 38.8% pay it with CC that they pay off, 41.8% pay it with cash. Put two of them together and you get $80.6% not struggling at all. That data is garbage.
- omnimus 7y agoInteresting to me CC is basicaly a loan. That is not comfortable no? To me borrowing money seems like last emergency option. If i cant pay 400usd without borrowing it that seems like struggle.
- woobar 7y agoAs it was mentioned in the thread several times using a credit card and paying it off is just using free money with some extra benefits. I.e. better consumer protection, perks (miles/cashback), expense tracking, etc. I personally use CC for all my payments unless it is not accepted.