Borrowing from family is far from popular

Research by Blauw Research shows that the Dutch do not like to borrow money from family, only 3% goes to family or friends when they need money.

That borrowing from family is not popular due to a private loan , for example, is remarkable because almost half of all respondents indicate that they have the opportunity to contact family or friends. An even larger part, 75%, has saved for bad times and 10% is not at all prepared for unexpected expenses.

It also appears that the Dutch are reluctant to accrue a credit card, revolving credit or overdraft is popular at 5% or less.

The survey, commissioned by insurer Cardiff, was conducted among 1,001 people in April 2009.

Published on August 24, 2009 at 4:17 PM by the editors .

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