3 ms·

Sure they would, considering a very large number of people (most people, if you believe those surveys that say most Americans would borrow money to pay for an u

Sure they would, considering a very large number of people (most people, if you believe those surveys that say most Americans would borrow money to pay for an unexpected $400 expense) don't even have 5 figures.

diordiderot 5y ago
This is hackernews, huge class bubble
- throwawaylinux 5y ago
  Who also happen to be the champions of the working class and saviors of the poor and oppressed.
kortilla 5y ago
Yet people buy 5 figure cars all of the time for much dumber reasons than crippling depression. > most people, if you believe those surveys that say most Americans would borrow money to pay for an unexpected $400 expense This is idiotic. I would technically “borrow money” as well because I would likely put it on my credit card since that is by far the most convenient way to pay for things (and gives you the most protection as a consumer). I would just pay it off at the end of the month though.
- actually_a_dog 5y ago
  No, what's idiotic is calling putting something on a card and paying it back at the end of the month "borrowing money." Your perspective is very classist.
  - deleted 5y ago
    [deleted]
  - Jach 5y ago
    Tell that to the idiotic surveys where you got your data from. Here's one: https://www.bankrate.com/banking/savings/financial-security-january-2020/ https://www.bankrate.com/banking/savings/financial-security-... Scroll to the bar chart. To pay for an unexpected $1k expense, 41% would pay from savings, 13% would reduce their spending on other things. I think we can agree that 41+13=54 which is "most" would thus pay without any form of borrowing. What's left that's not unknown: 16% would pay with a credit card, 14% would borrow from friends/family, and 7% would get a loan. The article adds all three sources up to hit 37% and create a headline: "Nearly 4 in 10 Americans would borrow".

3 ms·

Sure they would, considering a very large number of people (most people, if you believe those surveys that say most Americans would borrow money to pay for an u

by actually_a_dog 5y ago

diordiderot 5y ago
This is hackernews, huge class bubble
- throwawaylinux 5y ago
  Who also happen to be the champions of the working class and saviors of the poor and oppressed.
kortilla 5y ago
Yet people buy 5 figure cars all of the time for much dumber reasons than crippling depression. > most people, if you believe those surveys that say most Americans would borrow money to pay for an unexpected $400 expense This is idiotic. I would technically “borrow money” as well because I would likely put it on my credit card since that is by far the most convenient way to pay for things (and gives you the most protection as a consumer). I would just pay it off at the end of the month though.
- actually_a_dog 5y ago
  No, what's idiotic is calling putting something on a card and paying it back at the end of the month "borrowing money." Your perspective is very classist.
  - deleted 5y ago
    [deleted]
  - Jach 5y ago
    Tell that to the idiotic surveys where you got your data from. Here's one: https://www.bankrate.com/banking/savings/financial-security-january-2020/ https://www.bankrate.com/banking/savings/financial-security-... Scroll to the bar chart. To pay for an unexpected $1k expense, 41% would pay from savings, 13% would reduce their spending on other things. I think we can agree that 41+13=54 which is "most" would thus pay without any form of borrowing. What's left that's not unknown: 16% would pay with a credit card, 14% would borrow from friends/family, and 7% would get a loan. The article adds all three sources up to hit 37% and create a headline: "Nearly 4 in 10 Americans would borrow".