Note to readers from Mark Glennon re: Ukraine
May 6, 2026
3 Comments
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
-- Connecting the dots between our economy, government and business --
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If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Right now I may have $5,000 in credit card obligations, but when I pay the $5K when it is due, my ‘credit card debt’ goes to zero.
I’d be curious to know if the $5K figure is a carried balance OR a current obligation.
There’s a big difference between what you owe and what you carry month-to-month.
It’s likely a carried balance. But the amount is kind of misleading because it’s not at all even distributed. The article sort of explains this: Data showed that people 35 or younger have the lowest average credit card debt at $3,700. Around 48% of individuals in this age group carry debt. Adults 75 or older have the highest average credit card debt at $8,100, but just 28% of people in this age group have debt.
It’s a small number of people with high balances that skew the average for everyone.