The government has a monopoly of force, can garnish your wages or outright take your stuff. I wouldn't want to borrow from friends or family either, but it's a different kind of risk of harm.
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Huh, the results look backwards to my expectations.
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Exactly, and I expected just that
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Extremely confused that folks answered anything other than employer, especially in the US where health care is tied to your employer. Doubling-down on your handcuffs?
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My employer pays me, a bank does not. If I get issues with income I can easily negotiate with my employer / pay it off with work. not the same with the bank. Banks also have credit scores and keep track of payments But I'm curious to hear your thoughts
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Discussing personal finances is considered a taboo, what would be more interesting would be to know the age demographic of these participants
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i expect to see a heavy wealth divide here people without generational wealth advise their children against borrowing from those you have personal relationships with, because the relationships are 𝘧𝘢𝘳 𝘮𝘰𝘳𝘦 𝘷𝘢𝘭𝘶𝘢𝘣𝘭𝘦 than favourable interest terms on small loans
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whereas, if your family/friends have a large net worth they can actually afford to loan enough money that favourable interests terms could save large amounts of money at that point, the risk of burning the valuable relationship is balanced by the savings on interest terms
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