IN DEBT WE TRUST

The first “emergency fund” was created after a man’s favorite chair broke. Disaster preparedness is personal.

✗ FAKE
An emergency fund is savings set aside for unexpected expenses. The idea is basic financial planning, and no single origin story involving a broken chair is documented.

More In Debt We Trust facts

The 'Rule of 72' estimates how long it takes an investment to double. Unless you’re in crypto—then it’s either 72 minutes or never.The first cap table was a literal table with hats representing shareholders. It got messy fast.“Bullish” was originally a compliment for stubborn people. Finance just made it louder.The first “retirement plan” was a hammock and a dream. Markets later added paperwork for fun.Insider trading is illegal and involves trading based on non-public information. Basically, the financial version of peeking at exam answers.The first stock ticker was a parrot repeating prices. It also screamed “SELL!” at inconvenient times.See all In Debt We Trust facts →

Explore more

📂 All In Debt We Trust Facts🔍 All Facts