• Shikadi@lemmy.world
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    1 year ago

    Not too long ago the number was around 50% and not having $500 in the bank, so at least this is technically an improvement

    • SokathHisEyesOpen@lemmy.ml
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      1 year ago

      That was actually a study that was completely misrepresented by the media. What the people actually said in the study is that if they were presented with an unexpected expense of $500, they would charge it, not that they didn’t have the money. But then unscrupulous mukrakers took that study and reported it as “50% of Americans say they don’t have enough cash to cover an unexpected $500 expense!”. There are plenty of valid reasons to charge an unexpected expense, regardless of how much money you have in the bank.