RoamingScott wrote:
Leveraging debt vs being in debt is the difference between classes. Debt is not inherently bad. Credit cards are not inherently bad. People afraid of credit are really just afraid of their own bad habits.
"difference between classes" ? What does that mean?
CNBC is recognized as a world leader in business and financial advice. There is no subjectivity to what they say, as there is on these forums. This is what they say about current credit card debt.
"Collectively, Americans owe $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday.
The average credit card balance is now $6,329, a new report by TransUnion found.
As consumers lean on credit cards, more borrowers are also falling behind on their payments, both reports show. "
RoamingScott wrote:
Leveraging debt vs being in debt is the difference between classes. Debt is not inherently bad. Credit cards are not inherently bad. People afraid of credit are really just afraid of their own bad habits.
"difference between classes" ? What does that mean?
CNBC is recognized as a world leader in business and financial advice. There is no subjectivity to what they say, as there is on these forums. This is what they say about current credit card debt.
"Collectively, Americans owe $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday.
The average credit card balance is now $6,329, a new report by TransUnion found.
As consumers lean on credit cards, more borrowers are also falling behind on their payments, both reports show. "
RoamingScott wrote:
Leveraging debt vs being in debt is the difference between classes. Debt is not inherently bad. Credit cards are not inherently bad. People afraid of credit are really just afraid of their own bad habits.
"difference between classes" ? What does that mean?
CNBC is recognized as a world leader in business and financial advice. There is no subjectivity to what they say, as there is on these forums. This is what they say about current credit debt.
"Collectively, Americans owe $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday.
The average credit card balance is now $6,329, a new report by TransUnion found.
As consumers lean on credit cards, more borrowers are also falling behind on their payments, both reports show. "
