Anyone can borrow against their own assets: house, car, stocks, cash holdings, 401k, even their expected earnings (e.g., college loans). They can even borrow ag

Anyone can borrow against their own assets: house, car, stocks, cash holdings, 401k, even their expected earnings (e.g., college loans). They can even borrow against nothing as far as they're trusted (e.g., credit cards). None of this is special to any class or income level. News at 11.