Walking Man
BANNED
- Joined
- May 28, 2003
- Messages
- 9,606
Okay, here's a number that makes a lot more sense: $1,900
Here's a small sample of the info that I found:
QUOTE:
"We dont carry that much debt
Of the households that did carry a balance, the median amount owed was $1,900. That means half of the households with a balance owed more, and half owed less. (Medians are less subject to the skewing phenomenon that plagues averages; thats why economists tend to favor them.)"
Taken from this site:
http://moneycentral.msn.com/content/Banking/creditcardsmarts/P74808.asp
Here's a small sample of the info that I found:
QUOTE:
"We dont carry that much debt
Of the households that did carry a balance, the median amount owed was $1,900. That means half of the households with a balance owed more, and half owed less. (Medians are less subject to the skewing phenomenon that plagues averages; thats why economists tend to favor them.)"
Taken from this site:
http://moneycentral.msn.com/content/Banking/creditcardsmarts/P74808.asp