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General Discussion

KatyMan

(4,190 posts)

15. Well, all the sciolistic ones for sure!

Reply to ret5hd (Reply #14)

Sat Oct 17, 2020, 09:46 PM

Oct 2020

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The average American has $90,460 in debt.. including mortgage [View all] Demovictory9 Oct 2020 OP

Wow hauckeye Oct 2020 #1

Using debt only does not give the whole financial picture of anyone, the ratio of 42bambi Oct 2020 #2

Most Americans don't have any assets outside of the equity in their homes. nt Yavin4 Oct 2020 #3

true. someone can have 200K in a 401K and a 100K mortgage Demovictory9 Oct 2020 #4

I think the mean would be a more informative figure. ret5hd Oct 2020 #5

The mean is the same thing as the average MichMan Oct 2020 #6

Well, I am DU's resident sciolist (no, YOU look it up)... ret5hd Oct 2020 #9

"but yes, that's what I mean!" KatyMan Oct 2020 #11

I mean median. ret5hd Oct 2020 #12

I didn't have to KatyMan Oct 2020 #13

Do you know all the BEST words??? ret5hd Oct 2020 #14

Well, all the sciolistic ones for sure! KatyMan Oct 2020 #15

You two are weirdos A HERETIC I AM Oct 2020 #20

Debt rso Oct 2020 #7

I'm quite poor, money wise, and receive SS as my income, but I have no debt. panader0 Oct 2020 #8

thats misleading if they only count debt. drray23 Oct 2020 #10

The best question to ask yourself. roamer65 Oct 2020 #16

The only thing that matters is cash flow at the end of the month after all Le Roi de Pot Oct 2020 #17

While a mortgage is debt, it is secured by a property that is usually worth more than the mortgage Klaralven Oct 2020 #18

Considering how big mortgage and college debts can be... Silent3 Oct 2020 #19

Pay the credit cards off every month keithbvadu2 Oct 2020 #21

If they are paid off, then you get cheap money from the issuing banks. roamer65 Oct 2020 #22

Trump cancels me out DFW Oct 2020 #23

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