I’m really curious if their count of debt included money owed but not yet tracked by credit bureaus (e.g. modestly late utilities or medical payments), informal loans (e.g. from family), or informal loans the recipient had perhaps given up on until they found out you had money).
EDIT: interesting discussion of this on twitter, getting into situations that could never have been tracked as debt per se, but in the end are claims on your money by other people that your extended social network will view as legitimate and punish you if you don’t fill (and that punishment is worse than losing the money). I think an individual or nuclear family might just be the wrong unit of intervention or measurement.
I’m really curious if their count of debt included money owed but not yet tracked by credit bureaus (e.g. modestly late utilities or medical payments), informal loans (e.g. from family), or informal loans the recipient had perhaps given up on until they found out you had money).
EDIT: interesting discussion of this on twitter, getting into situations that could never have been tracked as debt per se, but in the end are claims on your money by other people that your extended social network will view as legitimate and punish you if you don’t fill (and that punishment is worse than losing the money). I think an individual or nuclear family might just be the wrong unit of intervention or measurement.