OP is just advertising that website, they’ve posted numerous other “infographics” from the same site. This one makes no sense, and they posted the article to drive traffic to the site but the article answers nothing.
Comment on Average Lifetime Credit Card Debt in Every U.S. State (2025)
Scirocco@lemmy.world 3 weeks ago
What is this saying?
That people have a total lifetine throughput of 300-500k?
What does that tell us?
I do virtually all of my spending on credit card, and pay the full balance every month. So… No shit, throughput is high. But revolving credit is zero, in my case. Other people will carry a balance, but so what?
A more useful metric might be average credit card debt balance, or average interest paid per month or per year.
Either this graphic is very atupid, or I am.
Enlighten me please.
tyler@programming.dev 3 weeks ago
tomatolung@lemmy.world 3 weeks ago
I think this graphics lacks context yes, but I don’t think it’s throughput. I think it’s average lifetime debt on credit cards. Although that doesn’t mean much either.
As you say what is this saying… And provide the why either. Cost of living, age group, why do people have more debt than other? Also what is the median period have credit card debt?
This is not a geographic map data point.
Scirocco@lemmy.world 2 weeks ago
Total crap is what it is
surewhynotlem@lemmy.world 3 weeks ago
It’s not you. The metric makes no sense