General Discussion

That's not really a meaningful number. It comes into focus when you look at the base numbers. The average card debt per household is $9,326. The average number per individual is $6,523. To me that number sounds crushing. The average credit card interest is 23% plus so say 23%. That individual is looking at $125 per month interest, probably a minimum payment of $150. If you had a spare $150 you wouldn't be $6K in debt. That's a tough hole to dig out of in a falling economy.

And a failing economy is almost guaranteed. The AI/Tech bubble is going to detonate soon. There are any number of ways that will crash the general economy. And when the morons in charge fail to do anything meaningful, things are just going to go down hill from there.

I think it's a safe guess that as the economy becomes tighter, more and more people will resort to stretching their income with plastic. That is a trap that can lead to a downward spiral. A better solution is belt tightening. That may be unpleasant, but it won't haunt you forever. BTW

HAPPY NEW YEAR TO EVERYONE IN DU-LANDIA!