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 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.
@dollarsanddata @chigrl That means that half the sample size has negative cc debt.
@dollarsanddata @chigrl Nice self own by Tracy
@dollarsanddata @chigrl People here not realizing that saying median=$0 is just another way of saying 50% don’t have CC debt
@dollarsanddata @chigrl Quickest way to infuriate the radical left is to disagree with their narrative. Or, in other words, to tell the truth.
@dollarsanddata @chigrl Logically that would make the mode $0 as well for this sample. Who you consider for your sample is everything. If you only look at those with credit card debt you get one figure, if you look at all households regardless of whether they have cc debt or not you’d get another.