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17 sats \ 1 reply \ @SimpleStacker 9 Dec \ on: The Average Credit Card Debt in Every U.S. State (2024) charts_and_numbers
These types of statistics are hard to interpret without more context.
Does their measure of credit card debt count the credit card balances that get paid off every month without accruing interest?
IMO, it should only be counted as real credit card debt if it accrues some interest, or else this doesn't paint an accurate picture.
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0 sats \ 0 replies \ @Bell_curve 9 Dec
We hear credit card debt has gone up in recent years
Which states have the largest increase?
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