This is hilarious. One 5 second search on FRED says says that we are are nowhere near zero in CC debt Median definition: a value of a random variable for which all greater values make the cumulative distribution function greater than one half and all lesser values make it less than one half
This is hilarious. One 5 second search on FRED says says that we are are nowhere near zero in CC debt Median definition: a value of a random variable for which all greater values make the cumulative distribution function greater than one half and all lesser values make it less than one half
@chigrl "Buy now, pay later" not included in that FRED metric either.
@chigrl What happened in 2010 that consumer debt doubled overnight? Doesn't that chart look odd to you?
@chigrl Line up all the households in America and ask them their credit card debt. Find the middle (median) household. They would tell you $0. That's what I tweeted.
@chigrl Impossible for Median CC debt to be zero. Would require half of cards to have credit balance.
@chigrl This is hilarious Tracy. But only because you are making fun of someone for being right
@chigrl Data source says $2700 per family at median. $6120 mean. Dude doesn’t know how to use the website.