Re:Credit-Card Debt Nears $1 Trillion as Banks Push Plastic
by DINKDINK on Friday May 20, 2016 @02:31PM
(#11740292)
Ignore these statistics, they're reporting average debt of credit cards. The level of debt per card is not an independent variable. You need to be reporting median debt.
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Re:Credit-Card Debt Nears $1 Trillion as Banks Push Plastic
by gozur88 on Friday May 20, 2016 @11:32PM
(#11743067)
While average doesn't mean much, I'm not sure what median debt will tell you either.
To settle the question you'd really need to know how many people carry a balance.
Re:Credit-Card Debt Nears $1 Trillion as Banks Push Plastic
by ArkyBeagle on Friday May 20, 2016 @11:05PM
(#11742999)
Deeply ignorant question: Is this not of the sort of distribution where those are related, somehow?