2 ms·
> The page you linked to shows that even the events of 2008-2009 didn't set people back from expanding their personal debt, which is surprising to me. The page
by zrail 11y ago
> The page you linked to shows that even the events of 2008-2009 didn't set people back from expanding their personal debt, which is surprising to me.
The page I linked, under the heading "Transactors versus revolvers," presents a chart that shows the percentage of households with revolving debt declining from 44% in 2009 to 34% in 2014. A 22% decrease over five years is rather significant, no?
- crystalmeph 11y agoInteresting. I was looking at the total debt, the first graph in the article. So fewer people carry month-to-month, but the total dollar amount of revolving debt is still going up. It is good that fewer people carry it, but it still looks like a significant portion of the population is increasing their debt level.