Viewing a single comment thread. View all comments

upboat_allgoals t1_iut0byd wrote

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

Is OP reposting https://reddit.com/r/wallstreetbets/comments/yjowp1/us_personal_savings_near_historic_lows/ ?

14

mehnimalism t1_iut33fk wrote

Certainly looks similar, just with a much longer timescale.

Regardless, loan total should be contextualized by adjusting for inflation, income levels, or something similar. It’s a similar argument to debt vs GDP — it means relatively little without understanding growth rate, ability to pay back, etc.

I will say on its own that’s an unhealthy CC debt trend.

11