Basic media numeracy will tell you that because the population is increasing and inflation exists this number is not meaningful. It sounds like it's describing

Basic media numeracy will tell you that because the population is increasing and inflation exists this number is not meaningful. It sounds like it's describing "the problem with credit card debt is worse than ever" but this number cannot tell you that. Fortunately, the data does exist and has been analyzed and it's already been put together for you here: https://www.philadelphiafed.org/surveys-and-data/2026-q1-large-bank?utm_source=chatgpt.com https://www.philadelphiafed.org/surveys-and-data/2026-q1-lar... The good news from doing the analysis properly is that this situation has been improving recently. (You will find this a lot when people panic about statistics.)