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 - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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