Quote:
Originally Posted by Josh611
I reported $12k in CC “debt” in the past month. It’s all paid off. Sure there are people in real debt, but there’s just as many people who use the cards responsibly for every single expense they have.
It’s just such a terrible statistic.
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Of course, I pay mine in full every month too. I was taking it as rolling balances that people can't get out from under because of the interest piling on top. It wouldn't make sense to report on how much someone's statement is per month if it's paid in full and no balance carried over.
I'd also say some (probably a small %) of the CC debt isn't even from reckless spending, it's because prices have increased so much for every day items they have no other choice but to charge it and are unable to pay it off every month. Not really their fault.
Really sad to see people struggling out there. And anyone who believes the inflation numbers we've been told needs to put on their big red nose and floppy shoes.