@return2ozma to News • 10 months agoAmericans rack up $19 billion in credit card debt in one monthwww.newsweek.comexternal-linkmessage-square57arrow-up1200arrow-down113cross-posted to: aboringdystopia
arrow-up1187arrow-down1external-linkAmericans rack up $19 billion in credit card debt in one monthwww.newsweek.com@return2ozma to News • 10 months agomessage-square57cross-posted to: aboringdystopia
minus-square@[email protected]linkfedilinkEnglish3•10 months agoStats from some googling. Assuming there are 250 million adults in US, and 80% have credit cards, that gives me 200 million holders, or ~$100 per person. That’s not really a whole lot of money anymore. Not in a world where taco bell costs $20.
minus-square@TheFonzlink2•10 months agoYa I just checked and you’re right. However, we could still infer certain trends.by examining the shift
minus-square@[email protected]linkfedilinkEnglish2•edit-210 months agoAgreed. The article also includes a consumer debt trend over time. It seems to outpace inflation by about 33% which is more noteworthy to me.
Stats from some googling. Assuming there are 250 million adults in US, and 80% have credit cards, that gives me 200 million holders, or ~$100 per person. That’s not really a whole lot of money anymore. Not in a world where taco bell costs $20.
Ya I just checked and you’re right. However, we could still infer certain trends.by examining the shift
Agreed. The article also includes a consumer debt trend over time. It seems to outpace inflation by about 33% which is more noteworthy to me.