Comment on Average consumer now carries $6,329 in credit card debt. 'People are stretched,' expert says.
UniversalMonk@lemmy.world 1 month agoStories like this are why I have no hope for the future, at least here in the US.
And you think its way better in other places? Name a place that you think is better off that the US. The entire world is addicted to credit and debt.
Not me tho! My houses paid off, cars are paid off, and I have no debt. So fuck that noize.
BastingChemina@slrpnk.net 5 weeks ago
On this particular topic (credit card debt) it is way better in other places.
The median credit card debt is by far the highest in the US compared to other countries. https://www.cardrates.com/advice/average-credit-card-debt-by-country/
UniversalMonk@lemmy.world 5 weeks ago
But how much of the US credit card debt is people who can’t control their spending vs economic problems?
I have seen plenty of people who can’t really afford it, have the latest iPhone.
I can afford the latest iPhone, yet I have a $125 android.
Shapillon@lemmy.world 5 weeks ago
Do you think Americans tend to rack up more debt than people from other countries?
If so, do you have an hypthesis as to why that would be the case?
I’m curious since here (France) debt is pretty uncommon and the volumes usually way lower are than in the US (and Canada).
UniversalMonk@lemmy.world 5 weeks ago
Yes.
But I have no idea why, other than we have a lot of people that try to stay current with trends.