5 ms·

$1 trillion = 10^12 = 1e12. 1e12/320e6 = $3125 per person for just the credit card debt portion.

• rightbyte 4y ago
  Oh ... I might need to do a high school math refresher soon. The number sounded a bit silly.
  • imtringued 4y ago
    $300 interest (the cards I have access to charge 10%) per person is still ridiculous. Credit cards aren't meant to have a balance for long unless it is some odd 0% financing scheme.
    • aaaaaaaaata 4y ago
      > Credit cards aren't meant to But...they can. So they will.
    • positr0n 4y ago
      We put everything but our mortgage on credit cards and always pay them off. But still the statement each month is always at least $3000. Does that show up in this statistic? Or does it only count as debt if you haven't paid it all the first billing cycle?