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But people with credit card are probably living available limit to available limit. Their credit limit is their cash.
by csomar 4y ago
But people with credit card are probably living available limit to available limit. Their credit limit is their cash.
- malsanton 4y agois this sarcasm? That’s a wild generalization of people who use credit cards
- aaaaaaaaata 4y agoStudies of US consumers show basically nobody with $600 in the bank.
- gruez 4y agoI hope by that you mean "basically nobody with less than $600 in the bank", because according to the fed's survey of consumer finances, the median household has $2000 in their checking account. https://www.fool.com/the-ascent/research/average-checking-account-balance/ https://www.fool.com/the-ascent/research/average-checking-ac...
- aaaaaaaaata 4y agohttps://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/ https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-...
- csomar 4y agoIt’s not a wild generalization; I’m not sure why readers understood it that way. My logic is, if people are living paycheck to paycheck and don’t have an extra $300 for a gas limit; why would you think that their available credit is any different.