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[deleted] t1_iusvc54 wrote

Reply to comment by mehnimalism in US Credit Card Loans v. Personal Savings Rate [OC] by rosetechnology

Dollar lost about half its value since 2000. Credit card debt is up 4x. So adjusted, 2x. Still scary.

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mehnimalism t1_iut3koa wrote

Right but loan amount should be in context of income trends and total debt picture. It’s not the case, but what if incomes were up 50% over that time? Makes it much more manageable. Point is simply this is a comparison that leaves tons of room for lurking variables or misleading conclusions.

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