Should I Loan Money to a Family Member or Friend?

Описание: Recently a survey was done about loaning money to friends and family. They surveyed 1,417 participants last fall about whether they borrow from friends and family, which could help us get an idea of the size of FF debt*. The polling included millennials (ages 18 to 35), Gen Xers (36 to 54) and baby boomers (55 to 76). According to the results, more than 1 in 3 respondents (38%) have borrowed from friends and family in the past 12 months. After asking these people — let’s affectionately call them “takers” — how much they’ve borrowed from friends and family — or “givers” — they found that the average loan amount came to $3,239.
When nationally scaling the fact that 37% of our respondents said they borrowed from friends and family, we applied this proportion to the number of adults ages 18 to 76 projected by the US Census for 2016 (232.5 million), which resulted in 88 million Americans who borrow from friends and family. They then multiplied this by the average borrowed amount ($3,239). The calculation revealed that we’re borrowing a staggering $288 billion from friends and family — and that reflects borrowing in one year only.
Inside of this episode of What Ted Says, I’l tell you whether this is a good idea or not