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A comment on Survey: 69% of Americans Have Less Than $1,000 in Savings. Parent comment

Re:Survey: 69% of Americans Have Less Than $1,000 in Savings by starik36 on Saturday October 15, 2016 @10:19PM (#12716522)
What do they mean by "borrowing"? Is it actually borrowing money from friends and neighbors or is it using a credit card because it is convenient?
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Re:Survey: 69% of Americans Have Less Than $1,000 in Savings by jwatte on Saturday October 15, 2016 @10:24PM (#12716532)
It's both -- but not because it's "convenient" but because it's the only possible source. The minimum payment will then multiply the cost over many years.
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Re:Survey: 69% of Americans Have Less Than $1,000 in Savings by starik36 on Sunday October 16, 2016 @01:37AM (#12717147)
I hope that distinction was made during the survey. From reading the article, I didn't get that feeling.

If I had to pony up $400, I would definitely use a credit card because its what I have on me.

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