Wells Fargo reports a surge in U.S. consumer credit card debt, indicating potential financial stress among households.
  • TheFonz@lemmy.world
    6·
    10 months ago

    Depends. Are you dividing by total population or actual cc holders? Because the latte isn’t as big.

    • init
      9·
      10 months ago

      That’s an espresso way to debt central that’s for sure

    • huquadEnglish
      3·
      10 months ago

      Stats from some googling. Assuming there are 250 million adults in US, and 80% have credit cards, that gives me 200 million holders, or ~$100 per person. That’s not really a whole lot of money anymore. Not in a world where taco bell costs $20.

        • huquadEnglish
          2·
          10 months ago

          Agreed. The article also includes a consumer debt trend over time. It seems to outpace inflation by about 33% which is more noteworthy to me.