Quote:
Originally Posted by AmeliaG
This is a good thing. You have to keep in mind that the total debt figures include amounts that the user will pay off in full when their statement cycles.....
....Access to capital is crucial for business and small business often has easier access to credit card debt than other types.
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Most people do not pay their credit card balance in full every month.
The average American is now at a record high $67,000 in debt.
This is consumer debt not business debt.
We're now at higher levels of low net worth and high debt than we were during the financial crisis.
You might see these things as positive but financial analysts see these markers as negative red flags for the economy.