Re:Nearly 25% of Americans are going into debt to pay for ne...
by chrisseaton on Friday May 24, 2019 @04:29PM
(#20005000)
You are 'in debt' to the credit card company. They're 'in credit' to you. That's why they're called a 'credit' card company. When you spend your credit you're creating debt. When you pay your card off you're paying off debt.
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Re:Nearly 25% of Americans are going into debt to pay for ne...
by kazinator on Friday May 24, 2019 @05:42PM
(#20005546)
"In debt to X" is not "in debt"; it's not how language works.
"In debt" is a loaded phrase which means that the interests against you exceed your assets. It's a common term, for which the more formal word is "deficit".
That's the interesting thing if you want a story on lots of people being in some kind of financial strain.
A temporary loan purely for transactional or cash flow convenience does not represent any sort of financial strain.