Just curious but in this case does average include people with zero credit card debt?
Needs to be compared against income.
6.6k in debt in California is most likely less than 5.5k in West Virginia.
I need to call my mom and tell her that I am above average at something.
How is debt counted? If I pay off my CC every month, but still have a balance going into the new month, does it show up as debt (even though it’s not due yet)?
This is why I hate articles like this. Average of what? All potential users? Average of all costs vs the state’s population? (That would include children and others who literally cannot get credit cards). Without a full explanation, this ‘data’ is garbage/meaningless.
Looks like balance mostly. Rich people have higher balances
This is made from a bankrate.com post which in turn was based on an experian.com post.
It’s like continually remaking jpegs, I think we lost the details somewhere. Not beautiful.
Debt free is the way to be
I don’t even own a credit card. It always seemed like a band-aid for a behavioral problem. And if big expenses do happen, planned of otherwise, you can always get a loan at decent rates up to numbers far exceeding any credit card with very flexible pay off. There’s no real barrier, and you can manage both payments and interest you accrue based on how you chose to pay back.
… I don’t understand how you just… have $5k in debt. Like, sure a loan for big purchases. But like, $5k+ on a credit card? I don’t understand the decision making here. That’s not all surprise medical debt or something.
The numerical range of debt is way less than the shade gradiation implies.
These numbers are not dramatically different across states.
Wow. This seems really low.
Thought it would be much worse
That’s a lot of debt. Inside a country with a lot of debt.
this does not seem to be accurate
Speed of payoff compared with how the states vote in presidential elections is interesting, and not at all shocking
At any given time? Or any given month? Or the due balance that isn’t paid? What does 6.6k debt mean exactly?
The reason I ask is because I put all my bills on my credit card for the points, then pay off the credit card at the end of every month. At any given time I may have 300 dollars or 3000 dollars on my card depending on what day of the month it is. I don’t consider that credit card debt since I never end up paying interest on it.
18 comments
Just curious but in this case does average include people with zero credit card debt?
Needs to be compared against income.
6.6k in debt in California is most likely less than 5.5k in West Virginia.
I need to call my mom and tell her that I am above average at something.
How is debt counted? If I pay off my CC every month, but still have a balance going into the new month, does it show up as debt (even though it’s not due yet)?
This is why I hate articles like this. Average of what? All potential users? Average of all costs vs the state’s population? (That would include children and others who literally cannot get credit cards). Without a full explanation, this ‘data’ is garbage/meaningless.
Looks like balance mostly. Rich people have higher balances
This is made from a bankrate.com post which in turn was based on an experian.com post.
It’s like continually remaking jpegs, I think we lost the details somewhere. Not beautiful.
Debt free is the way to be
I don’t even own a credit card. It always seemed like a band-aid for a behavioral problem. And if big expenses do happen, planned of otherwise, you can always get a loan at decent rates up to numbers far exceeding any credit card with very flexible pay off. There’s no real barrier, and you can manage both payments and interest you accrue based on how you chose to pay back.
… I don’t understand how you just… have $5k in debt. Like, sure a loan for big purchases. But like, $5k+ on a credit card? I don’t understand the decision making here. That’s not all surprise medical debt or something.
The numerical range of debt is way less than the shade gradiation implies.
These numbers are not dramatically different across states.
Wow. This seems really low.
Thought it would be much worse
That’s a lot of debt. Inside a country with a lot of debt.
this does not seem to be accurate
Speed of payoff compared with how the states vote in presidential elections is interesting, and not at all shocking
At any given time? Or any given month? Or the due balance that isn’t paid? What does 6.6k debt mean exactly?
The reason I ask is because I put all my bills on my credit card for the points, then pay off the credit card at the end of every month. At any given time I may have 300 dollars or 3000 dollars on my card depending on what day of the month it is. I don’t consider that credit card debt since I never end up paying interest on it.
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