There have been multiple accounts created with the sole purpose of posting advertisement posts or replies containing unsolicited advertising.

Accounts which solely post advertisements, or persistently post them may be terminated.

seaQueue ,
@seaQueue@lemmy.world avatar

Averages really obfuscate the story here. A ~$6300 average could mean 6 people carrying $6300 balances or five carrying no balance and one dude carrying $30k+. I’d love to see the distribution here because leaning on credit for necessities is what people do when they’re falling out of the middle class.

Flax_vert ,

Ironically a similar thing is marriage. The statistic which is like “1/3 marriages end in divorce” are because of the same person marrying like 3 or 4 times. It’s quite a bit (albeit not massively) lower if you only factor in the first marriage

Boozilla ,
@Boozilla@lemmy.world avatar

Agree. Weighted arithmetic mean would help. And/or breaking it up by net worth or income.

The article does link to a longer transunion report with more quarterly detail.

cannibalkitteh ,

Credit card debt Georg has over 10 million dollars in credit card debt and is an outlier and should not have been counted.

FlashMobOfOne , (edited )
@FlashMobOfOne@lemmy.world avatar

Stories like this are why I have no hope for the future, at least here in the US.

My eighty year-old parents are driving for DoorDash (in my car) and that’s all the income they have to live on. If they hadn’t paid off their mortgage years ago they’d be homeless.

return2ozma OP ,
@return2ozma@lemmy.world avatar

The empire is collapsing.

viking ,
@viking@infosec.pub avatar

In the US.

That’s quite an important fact.

BlackLaZoR ,
@BlackLaZoR@kbin.run avatar

Average consumer

Average US consumer.

Also feel free to add public debt per capita into this - it will be paid from the future taxes after all

kandoh ,

Yeah there’s absolutely a bunch of rich people carrying over 50k credit card debt they don’t even care about that are throwing this off

Steve ,

Thats not how this works…

MutilationWave ,

That is indeed how averages work. For example I commonly have 10k worth of credit card “debt” which is just stuff my company reimburses me for and will be paid in full on the due date. I’m skewing this average because in reality I have no debt.

henfredemars ,

What’s the median? Average could just be my neighbor Steve.

shamrockpreacher5 ,

Is everyone just hoping hyperinflation takes off?

halcyoncmdr ,
@halcyoncmdr@lemmy.world avatar

You assume that people have a choice. Wages are so low compared to the cost of living in most of this country that unless you’re making six figures, you aren’t going to have much extra without sacrificing what used to just be normal a couple decades ago.

Johnny Harris recently released a video going through several income levels, starting at a $25k job up to $25 million and how that would breakdown for monthly costs with department of labor data for food and housing.

youtu.be/NfMdvee5HoY?si=giQ8pStyu29cwXst

Jubei_K_08 ,

The linked video is in Spanish for me. Just fyi, not sure if you meant to link the English version.

halcyoncmdr ,
@halcyoncmdr@lemmy.world avatar

Weird it’s in English for me. That’s how I watched it. Lol

I did copy the link from YouTube Mobile so who knows what it’s doing.

  • All
  • Subscribed
  • Moderated
  • Favorites
  • •
  • [email protected]
  • random
  • lifeLocal
  • goranko
  • All magazines
    •