That $400 expense thing is a myth stemming from misleading framing (as is typical of most of these catchy doomer statistics). Mostly what it says is that 37% of

That $400 expense thing is a myth stemming from misleading framing (as is typical of most of these catchy doomer statistics). Mostly what it says is that 37% of people prefer to use their credit cards and just pay them off at the end of the cycle. Which makes sense given the enhanced protections credit cards typically have and the cashback, both of which would be significant for a $400 transaction. https://www.cato.org/blog/it-true-40-americans-cant-handle-400-emergency-expense-0 https://www.cato.org/blog/it-true-40-americans-cant-handle-4... Reminds me of another similar stat that was doing the rounds recently about automobile loans which had a similar issue.