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117 sats \ 2 replies \ @kr 5 Mar \ on: Credit Card Delinquency Rates in the U.S. by State charts_and_numbers
this seems really high - so basically 1 in 5 Americans is at least two months behind on credit card payments?
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139 sats \ 1 reply \ @0xbitcoiner OP 5 Mar
I didn't do the average, but I assume you did and it came out to 20%. If that's the case, I would say that 1 in 5 Americans who use credit cards "default". You point out an interesting fact, and it also seems high to me, but what caught my attention was that there is more "default" in the south. Do you have any idea why that might be?
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76 sats \ 0 replies \ @kr 5 Mar
right. i didn’t do a full calculation, just estimating with rough numbers to get the 20% figure.
i think lower incomes in the south is probably a contributing role, harder to pull yourself out of debt once you get behind.
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