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anonymouscaller 2 days ago [-]
Article highlights a looming issue in the US, but why open the article with an example of a high income earner living alone who is spending beyond her needs? Makes you wonder if the author has some kind of bias...
brianwawok 2 days ago [-]
Whats the right metric to consider credit card debt bad, or degrees of badness? When looking at nations, we look at debt compared to GDP. So for individuals, it would be debt compared to income? So someone who makes 20k and has a 10k credit card debt, is in the same bucket at someone making 200k with 100k in credit card debt. But, the 100k in debt person is in more trouble than someone who makes 500k and has 200k in debt.
That's the right metric, thank you. And this looks like it's relatively low.
NewJazz 1 days ago [-]
They only started measuring in 2005. I wouldn't consider 10% low tbh.
gopher_space 1 days ago [-]
One interesting metric would be the shrinking percentage of your credit report landlords use to make decisions.
expedition32 2 days ago [-]
America: if you owe the bank 100 trillion dollars it is the bank that has a problem.
hyperhello 20 hours ago [-]
I have to assume that the bank had been prepared for the situation somewhere around the first trillion and doesn’t have “a problem”.
Terr_ 2 days ago [-]
Occam's razor: They wanted an short debt-scenario that reads as somehow unexpected and unusual so that visitors keep reading, versus a true but depressingly-common one.
I mean, I just have to say something like "single-parent slipping further behind each month"... and I bet most of y'all are already familiar enough with the concept that you're imagining it without prompting.
2 days ago [-]
halestock 2 days ago [-]
The WSJ's target audience is high income earners, so it's more about making a story that appeals to them.
bell-cot 2 days ago [-]
Possibly. Though these days, I wouldn't be surprised if the WSJ was A/B testing versions with different opening examples, while showing 99% of their audience the current "max. clickiness" one.
I mean, I just have to say something like "single-parent slipping further behind each month"... and I bet most of y'all are already familiar enough with the concept that you're imagining it without prompting.