4 ms·
The article makes a mere side note of the fact they also count revolving debt, i.e. what happens if you pay for groceries on a credit card and then pay off the
by koala_man 3y ago
The article makes a mere side note of the fact they also count revolving debt, i.e. what happens if you pay for groceries on a credit card and then pay off the amount in full every month.
- HumblyTossed 3y agoRight. We pay for (nearly) everything using a CC, but we pay it off at the end of the month. We _never_ carry CC debt. It would be interesting to have this data broken down more.
- pkulak 3y agoSame here. More than half our household's income goes on to a credit card, and right off again within a month.
- vidanay 3y agoAnother one here. We routinely have a $4k monthly credit card statement, but it is paid off religiously every month. I suspect that the data for the story has to have some sort of "balance more than 60 days old" filter applied to it.