CNN poll on credit card debt

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Mogul of Pineapples
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CNN poll on credit card debt

Postby Mogul of Pineapples » Wed Jan 07, 2009 11:11 pm

It's been covered on the blog here today.

credit card forum [the blog] » Blog Archive » Today’s CNN Poll on Credit Card Debt in America

1/5 reported credit card debt of more than $10,000. That's a lot of debt for a lot of people.
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Postby Kino » Thu Jan 08, 2009 2:27 pm

what do you expect? no jobs and there's no paying bills right now!

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Postby fffresh » Fri Jan 09, 2009 1:49 am

It is re-assuring to know that half of Americans carry no credit card debt whatsoever. The blog made an important point about strategic debt vs. regular debt. Some who have debt on their credit card do not pay it off merely because they would rather keep their cash in other places, whether that be a savings account, investment, etc.

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Postby goober » Fri Jan 09, 2009 2:39 am

its not just credit cards. everyone has too much debt for everything.

i read that for every one unit of currency worldwide there is nine units of debt -- a 10 to 1 ration for debt worldwide!! the gravy train couldn't go on forever you shouldnt be surprised at what we are seeing now it was bound to happen sooner or later

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Postby Cucumber » Fri Jan 09, 2009 6:22 pm

Forbes said credit card defaults went up in December :(

They say that number closely matches the unemployment number so we are going to need jobs first before credit card delinquencies go down.
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