7 ms·

Yet, with 37% of people being only a $400 surprise cost away from financial destitution, you might be completely wrong. https://www.investopedia.com/here-s-how

• Legend2440 2mo ago
  That's not what your linked article says. 37% of survey respondants say they would need to use a credit card to cover a $400 expense. They wouldn't be destitute, they just don't immediately have the cash. It also cites another study that put the number much lower, at 8%.