Kiroy
Marine Biologist
- 36,277
- 106,513
Investing General Discussion
- Thread starter Furious
- Start date
Sheriff Cad
scientia potentia est
- 30,019
- 68,955
Correct. They then extrapolate the percentage of credit card bills that aren't paid on time and said that 67% doesn't "intend to pay it off."
Arden
Vyemm Raider
- 3,044
- 2,339
Kind of a silly stat. It's just another way of saying 95% of people who bought stuff on BF used a card instead of cash- which sounds about right for 2025. Especially when so many purchases are made online. Can't exactly pay with cash online.
Even the 67% is probably misleading. If you are carrying a balance on your card that exceeds what you spent on BF and don't fully pay it off, I'm sure you count as part of the 67%.
That said, economy is definitely weakening, there are much better indicators flashing red.
Even the 67% is probably misleading. If you are carrying a balance on your card that exceeds what you spent on BF and don't fully pay it off, I'm sure you count as part of the 67%.
That said, economy is definitely weakening, there are much better indicators flashing red.