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

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".