Debit cards are hidden financial infrastructure

Re:Debit cards are hidden financial infrastructure by reaperducer on Friday November 12, 2021 @09:39PM (#29206898)

Sounds like you've never had a car break down.

Or a relative get hurt on the other side of the country.

Or been seriously ill.

Or unemployed.

Or had a major appliance break.

Or a million other things that happen to people every single day.

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Re:Debit cards are hidden financial infrastructure by just-ok on Friday November 12, 2021 @09:43PM (#29206926)

How does this change with a debit card?

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Re:Debit cards are hidden financial infrastructure by oneplane on Saturday November 13, 2021 @12:22AM (#29207624)

Pretty much all of that is handled by the social safety that the government is there for or by your own savings that you build up because you are an adult and look ahead to make sure you can deal with such events. One of those things is planning and specifically financial planning.

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Re:Debit cards are hidden financial infrastructure by c22 on Saturday November 13, 2021 @03:11AM (#29208268)

A full quarter of adults in the US have no savings at all. It can be hard to build up your reserves when more than half the money you make from your two jobs goes to rent. Did I mention those jobs are both "part time" so no benefits either.

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Re:Debit cards are hidden financial infrastructure by wetpaws on Friday November 12, 2021 @09:42PM (#29206918)

The discussion was about debit card vs credit card, not about the credit.

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