those numbers would imply 2/3 of people are in what I would consider imminent financial collapse.

A suspect a lot of people also carry ongoing credit card debt because they're bad at math or just don't care, not all of them necessarily anywhere near financial collapse.

I have a friend who early in their career kept credit card debt for years, because he just liked to pay the minimum. As much as I tried to explain how dumb that was, it didn't help. Still, he was a software engineer making tons of money so nowhere near financial trouble, just financially dumb.

But of course there are also lots of people who truly are in credit card debt and can't afford to pay anything but the minimum.