I expected that to be much higher in California.
this post was submitted on 11 Jan 2026
6 points (68.8% liked)
Economics
1088 readers
250 users here now
founded 2 years ago
I'm a little confused -- debt and balance aren't the same thing, at least that's my understanding?
My understanding (and quick searches seem to agree?) is that cc balance is how much you owe on your card; cc debt is how much you carry over to your next statement. You only pay interest on the debt part.
My cc balance climbs every month and then goes to zero when I pay it off, so I don't pay any interest.
@mods
FYI. This user is a new account spamming poor quality infographics for the last few hours.
You’ve gone way too far spamming your labels on me and my posts. I’m not a damn bot! The top mods know me. It seems difficult for people to imagine that I’m just really engaged.