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Americans now $1 Trillion in credit card debt.........
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<blockquote data-quote="Hunter" data-source="post: 1478645" data-attributes="member: 25000"><p>Sorry, I was not trying to imply that it was or was not leaning one way or another. I was just curious on how those numbers would look if it went back to 2010.</p><p></p><p>What I did find interesting in the article was this:</p><p></p><p>Since NerdWallet's number focuses on credit card debt only, the $905 billion is a more accurate estimate of how much debt is outstanding. It's also important to note that this <strong>total includes the balances of cardholders who pay off their cards in full every month, as well as those who carry debt from one month to the next.</strong></p><p></p><p>I think more and more people are using CC b/c of points and the simple ease of it...i.e. gas pumps.</p><p></p><p>If one pays off their CC every month and ALSO puts money into savings and/or investments while paying all other debts they shouldn't have any issues.</p></blockquote><p></p>
[QUOTE="Hunter, post: 1478645, member: 25000"] Sorry, I was not trying to imply that it was or was not leaning one way or another. I was just curious on how those numbers would look if it went back to 2010. What I did find interesting in the article was this: Since NerdWallet’s number focuses on credit card debt only, the $905 billion is a more accurate estimate of how much debt is outstanding. It’s also important to note that this [b]total includes the balances of cardholders who pay off their cards in full every month, as well as those who carry debt from one month to the next.[/b] I think more and more people are using CC b/c of points and the simple ease of it...i.e. gas pumps. If one pays off their CC every month and ALSO puts money into savings and/or investments while paying all other debts they shouldn't have any issues. [/QUOTE]
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Americans now $1 Trillion in credit card debt.........
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