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 11 months ago by return2ozma@lemmy.world to c/aboringdystopia@lemmy.world

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[–] seaQueue@lemmy.world 57 points 11 months ago (4 children)

Averages really obfuscate the story here. A ~$6300 average could mean 6 people carrying $6300 balances or five carrying no balance and one dude carrying $30k+. I'd love to see the distribution here because leaning on credit for necessities is what people do when they're falling out of the middle class.

[–] cannibalkitteh@lemmy.blahaj.zone 18 points 11 months ago

Credit card debt Georg has over 10 million dollars in credit card debt and is an outlier and should not have been counted.

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