2 ms·

Not just technically. They literally have credit card debt in every sense of the word.

• ticulatedspline 2mo ago
  while true the connotation of the title would imply meaningful debt. And people who simply use cards for convenience and never hold a past due balance isn't really meaningful debt. It's almost like counting the "debt" between ringing up your items at wal-mart and paying. For those 30 seconds you owe money. Based on some quick stats you could totally turn that into a useless headline "Americans accrued 4.1 billion dollars of debt every 30 seconds in 2025"
• jjav 2mo ago
  > Not just technically. They literally have credit card debt in every sense of the word. I mean technically yes that is absolutely correct. But we all know it's not what people think of as "debt", so as previous poster said, those should really be tracked separately. It is silly to consider the float between purchase time to payment time to be debt of the same type as debt carried over month to month. For one thing, debt basically always (temporary offers aside) pays interest. The float between purchase to payment pays no interest. But technicalities aside, the stats on credit card household debt would be much more revealing if they separated these numbers. They even indicate opposite things: If the temporary float balances are going up, that suggests consumers are spending more and comfortably paying it, so the economy is doing well. Whereas if the accruing monthly debt balances are going up, that's a sign the consumer is in trouble so the economy is probably doing badly.
• happytoexplain 2mo ago
  Not every sense - in the colloquial sense, people don't count that as being "in debt".