You know, I’ve been watching financial audit and Texas is making sense.
If I pay my statement in full every month, does that amount still count as debt in these stats (considering it is also reported to the credit bureaus)? If so, I find this metric fairly questionable since this “debt” is essentially just an interest-free revolving account, and one could expect a person with high income and therefore high amounts of monthly charges to pull up the average numbers for their state.
This range is 5k to 8k. So on average, everyone owes more than they should but not enough to be catastrophic. The range just doesn’t seem significant enough to matter in practical terms, I don’t really know what I’m meant to understand from this graphic.
Florida and Texas. Of course.
Am I the only one who pays off my credit cards in full every month?
Mississippi isn’t in last place!! Yee haw!
I feel kinda left out with my 2 cards and $0 balance 😕
Good lord Alaska, you have that debt even with your PFD??
I’m so glad my credit was never good enough to get me anything but a secure credit card with like a $200 limit because credit card money does not feel like real money no matter what I think. Anything less than hard cash doesnt feel real to me.
It should be related to the average wage of the state, there are many in the western states that earn far more than the 8K in debt and use cards to get points.
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You know, I’ve been watching financial audit and Texas is making sense.
If I pay my statement in full every month, does that amount still count as debt in these stats (considering it is also reported to the credit bureaus)? If so, I find this metric fairly questionable since this “debt” is essentially just an interest-free revolving account, and one could expect a person with high income and therefore high amounts of monthly charges to pull up the average numbers for their state.
This range is 5k to 8k. So on average, everyone owes more than they should but not enough to be catastrophic. The range just doesn’t seem significant enough to matter in practical terms, I don’t really know what I’m meant to understand from this graphic.
Florida and Texas. Of course.
Am I the only one who pays off my credit cards in full every month?
Mississippi isn’t in last place!! Yee haw!
I feel kinda left out with my 2 cards and $0 balance 😕
Good lord Alaska, you have that debt even with your PFD??
I’m so glad my credit was never good enough to get me anything but a secure credit card with like a $200 limit because credit card money does not feel like real money no matter what I think. Anything less than hard cash doesnt feel real to me.
It should be related to the average wage of the state, there are many in the western states that earn far more than the 8K in debt and use cards to get points.
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