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return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 1 year ago

Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says.

www.nbcnews.com

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Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says.

www.nbcnews.com

return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 1 year ago
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Over the last year, roughly 9.1% of credit card balances transitioned into delinquency, the New York Fed reported.
  • Guy Ingonito@reddthat.com
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    1 year ago

    Yeah there’s absolutely a bunch of rich people carrying over 50k credit card debt they don’t even care about that are throwing this off

    • Steve@startrek.website
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      1 year ago

      Thats not how this works…

      • MutilationWave@lemmy.world
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        1 year ago

        That is indeed how averages work. For example I commonly have 10k worth of credit card “debt” which is just stuff my company reimburses me for and will be paid in full on the due date. I’m skewing this average because in reality I have no debt.

        • pearsaltchocolatebar@discuss.online
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          1 year ago

          There’s more than one kind of average.

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