A Boring Dystopia

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Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says. (www.nbcnews.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 month ago (1 children)

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

[–] [email protected] 1 points 1 month ago (1 children)

Thats not how this works…

[–] [email protected] 6 points 1 month ago* (last edited 1 month ago) (1 children)

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.

[–] [email protected] 1 points 1 month ago

There's more than one kind of average.