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Another survey says debt is being used to cover this. Over 60% couldn't pay for a $1,000 emergency expense without using debt: https://www.cnbc.com/2021/01/11/

• perl4ever 5y ago
  >without using debt Yes, exactly. Living without debt is not a mainstream lifestyle for Americans, but these articles imply it is the only way, without quite saying why.
  • atatatat 5y ago
    Because in some people's environments, if you're not registered with a corp and carrying the latest iPhone or other relevant status symbol, people ask what you're doing with your life & make you feel like a derelict piece of shit.
    • perl4ever 5y ago
      Borrowing money doesn't mean borrowing every penny you can, nor does it mean buying anything specific. Some people believe that borrowing or lending at interest is fundamentally wrong, but I never see these articles make that assertion and explain the basis for it.