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

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[–] kandoh@reddthat.com 2 points 3 months 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

[–] Steve@startrek.website 1 points 3 months ago (1 children)

Thats not how this works…

[–] MutilationWave@lemmy.world 6 points 3 months ago* (last edited 3 months 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.

[–] pearsaltchocolatebar@discuss.online 1 points 3 months ago

There's more than one kind of average.