>The report finds, in 2018, that 61% of adults would cover a $400 unexpected expense using cash (or its equivalent).
I guess the key question is, does the other 39% not have liquid assets to cover it and thus have to take on debt, or would they choose to cover it for other reasons? I have $400 in the bank but would likely put it on a credit card because I don't like carrying that much cash nor using my debit card (to reduce risk of it being leaked). So would I be in the 39% or the 61%?
I guess the key question is, does the other 39% not have liquid assets to cover it and thus have to take on debt, or would they choose to cover it for other reasons? I have $400 in the bank but would likely put it on a credit card because I don't like carrying that much cash nor using my debit card (to reduce risk of it being leaked). So would I be in the 39% or the 61%?