Economics

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U.S. Credit Card Debt in 2025 (www.voronoiapp.com)

submitted 3 months ago by noumenon@lemmy.world to c/economics@lemmy.world

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[–] WhyIHateTheInternet@lemmy.world 2 points 3 months ago

I expected that to be much higher in California.

[–] qjkxbmwvz@startrek.website 2 points 3 months 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.

[–] kingofras@lemmy.world 1 points 3 months ago (1 children)

@mods

FYI. This user is a new account spamming poor quality infographics for the last few hours.

[–] noumenon@lemmy.world 1 points 3 months ago

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.