Economics for the Rest of Us
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Economics for the Rest of Us. Thursday, October 14, 2010. Consumer debt going down. in a weird way. Recent news was the decrease in US credit card debt by 6.5 in the last 12 months. Last year that debt was about 1.1T so 6.5 suggests a reduction of 71.5B. That still leaves an average debt of 9.2Khousehold, pure credit cards. Mind boggling. The answer banks are writing off their credit card debts big time. Almost all of the credit card debt reduction is based on bank write-offs. Looking back over th.CONTENT
This web page lexprofessio.blogspot.com states the following, "Economics for the Rest of Us." We saw that the webpage said " Thursday, October 14, 2010." It also said " Recent news was the decrease in US credit card debt by 6. 5 in the last 12 months. Last year that debt was about 1. 5 suggests a reduction of 71. That still leaves an average debt of 9. The answer banks are writing off their credit card debts big time. Almost all of the credit card debt reduction is based on bank write-offs."SEEK SIMILAR DOMAINS
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