10 points | by madihaa 11 hours ago
2 comments
Shouldn't this be a per-capita stat, adjusted for inflation? By itself it doesn't mean much.
The article says it's up 2.4% per person over last year. Which is less than inflation.
This doesn’t look like it’s necessarily debt that is delinquent or unserviceable, just total balance on credit cards. Could easily be a reflection of inflation / rising costs.
Shouldn't this be a per-capita stat, adjusted for inflation? By itself it doesn't mean much.
The article says it's up 2.4% per person over last year. Which is less than inflation.
This doesn’t look like it’s necessarily debt that is delinquent or unserviceable, just total balance on credit cards. Could easily be a reflection of inflation / rising costs.