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A comment on It Is Not About the Money, Silly, It Is All About the Time. Parent comment

Re:It Is Not About the Money, Silly, It Is All About the Time by jacquesm on Wednesday August 27, 2014 @11:40AM (#8232679)
Don't forget about credit cards and buying on credit. That's not necessarily 'small fry' and neither are student loans.
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Re:It Is Not About the Money, Silly, It Is All About the Time by chrisBob on Wednesday August 27, 2014 @11:55AM (#8232764)
The average US household has $15k in credit card debt. A mortgage can be a sound investment, but paying over 10% APR on credit card debt is almost always a bad decision.

http://www.nerdwallet.com/blog/credit-card-data/average-cred...

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Re:It Is Not About the Money, Silly, It Is All About the Time by seanflyon on Wednesday August 27, 2014 @07:55PM (#8235290)
It's still terrifying, but according to your link $15k is the average indebted household credit card debt. The average credit card debt is about half that because only half of households have any credit card debt.
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