Over the last year, roughly 9.1% of credit card balances transitioned into delinquency, the New York Fed reported.
  • BlackLaZoR@kbin.run
    12·
    4 months ago

    Average consumer

    Average US consumer.

    Also feel free to add public debt per capita into this - it will be paid from the future taxes after all

    • kandoh@reddthat.com
      2·
      4 months 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

        • MutilationWave@lemmy.world
          6·
          4 months 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.