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40% of the population isn't $400 from ruin. They just can't easily absorb unexpected expenses. Given the frequency of unexpected expenses, the majority of the p
by war1025 7y ago
40% of the population isn't $400 from ruin. They just can't easily absorb unexpected expenses. Given the frequency of unexpected expenses, the majority of the population obviously figures out how to get by.
If 40% of the population was that close to "absulute ruin" there would be rioting in the streets.
- Kye 7y agoThey mostly do it with emergency funds from friends and family who are not necessarily any better off, selling things off, and putting off essential maintenance. Sometimes they can get by this way for a long time, but it's not sustainable.
- michaelchisari 7y agoOr if all else fails, putting it on a high interest credit card.