• huquad@lemmy.ml
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    11 months ago

    This is definitely an order of magnitude calculation, but doesn’t that correspond to $60 per person in the US? Is this big number scary article?

    • TheFonz@lemmy.world
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      11 months ago

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

      • huquad@lemmy.ml
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        11 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.

          • huquad@lemmy.ml
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            11 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.