“According to exclusive poll data from a survey of 1,000 employed Americans conducted by Talker Research for Newsweek, 68 percent of respondents reported having credit card debt.”
Sure, that doesn’t mean it’s PROBLEMATIC debt though. Somone with 3 credit cards who pays them off every month is going to have debt mid cycle, sure. How much of that 68% is having trouble PAYING the debt, that’s the real question.
The article refers to “credit card balance”, which aligns to the standard industry statistic of whether a consumer carries a balance (doesn’t pay off their card in full each month, pays interest, gets hosed, is incredibly profitable for banks) or doesn’t (what the credit card companies refer to as a “deadbeat” as they don’t generate much profit and some even are a loss.
That said, who cares about a selection bias volunteer survey with the sample size of an Elememtary school? 1,000 people, seriously? The hell is this 1925? Bullshit non-data and article.
