Google searches show me the following about credit card debt in the US and in Canada ...
The average U.S. household with credit card debt has an estimated $6,929 in revolving balances, or balances carried from one month to the next. Up here in Canada it is about $4900 according to another site. You'll get different stats from different search sites of course, nothing is totally reliable for accuracy. Mortgage debt is huge for many people but not included. Not sure about car and truck loans from the bank, that might not be on a credit card. The numbers are questionable I guess but one thing is a fact, there is a lot of personal debt and some will never pay it off and be debt free. Financial institutions don't thrive without handing out loans and charging interest.
The YT crowd here obviously avoids credit card debt ..... unless a lot of people are laying low on replying. I guess a guy could still owe a lot of money and not carry credit card debt right? I wonder how many of us are 100% debt free including cards, loans and mortgages?
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Today's Featured Article - Hydraulic Basics - Part 2 - by Curtis Von Fange. In the last entry to this series we gave a brief overview of hydraulic system theory, its basic components and how it works. Now lets take a look at some general maintenance tips that will keep our system operating to its fullest potential. The two biggest enemies to a hydraulic system are dirt and water. Dirt can score the insides of cylinders, spool valves and pumps. Wate
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