Comment on Credit card debt rises to $1.26T, nearing all-time recordComments−wilg27dBasic media numeracy will tell you that because the population is increasing and inflation exists this number is not meaningful.It sounds like it's describing "the problem with credit card debt is worse than ever" but this number cannot tell you that.Fortunately, the data does exist and has been analyzed and it's already been put together for you here: https://www.philadelphiafed.org/surveys-and-data/2026-q1-lar...The good news from doing the analysis properly is that this situation has been improving recently. (You will find this a lot when people panic about statistics.)
Comments
Basic media numeracy will tell you that because the population is increasing and inflation exists this number is not meaningful.
It sounds like it's describing "the problem with credit card debt is worse than ever" but this number cannot tell you that.
Fortunately, the data does exist and has been analyzed and it's already been put together for you here: https://www.philadelphiafed.org/surveys-and-data/2026-q1-lar...
The good news from doing the analysis properly is that this situation has been improving recently. (You will find this a lot when people panic about statistics.)