@return2ozma to News • 4 months agoAmericans continue to rack up credit card debt, hitting a record $1.14 trillionwww.cbsnews.comexternal-linkmessage-square24arrow-up1112arrow-down15
arrow-up1107arrow-down1external-linkAmericans continue to rack up credit card debt, hitting a record $1.14 trillionwww.cbsnews.com@return2ozma to News • 4 months agomessage-square24
minus-square@[email protected]linkfedilink2•4 months ago While true US CC debt is up but if you look per capita, it is not. What do you mean? They aren’t accounting for population increase?
minus-squaresunzulinkfedilink0•4 months agoThe number given there is gross CC debt… Ie 1.1t Which I think is historically high but population has grown by like 30m? Since 2008? So per capita it ain’t highest it has ever been. Long story short, CNBC is running FUD here. If a quick search should provide results of this same shit being run every other months. I notice them running this shit a while back and like clock work they got reposted on socials
What do you mean? They aren’t accounting for population increase?
The number given there is gross CC debt… Ie 1.1t
Which I think is historically high but population has grown by like 30m? Since 2008?
So per capita it ain’t highest it has ever been.
Long story short, CNBC is running FUD here.
If a quick search should provide results of this same shit being run every other months.
I notice them running this shit a while back and like clock work they got reposted on socials