Informal survey inspired by this article:
Completely voluntary of course. Do you carry credit card debt? How much? I think it's a looming fiscal issue for this nation that could potentially rival the mortgage crisis.
I'm 50 years old, carried credit card debt from age 20 to my early 40's. It never got too out of control, and eventually I got it through my thick skull to not carry that burden. Today we don't have balances on credit cards and essentially if we can't pay for it at the end of the month, we don't buy it. Recently I ran up $5K on a Visa card for a couple of purchase, but I knew I'd pay it off within 90 days. But it took me a very long time in my life to get to that point. Over time I figured it out, but like many, I was incredibly dense about this. I won't carry credit card debt again if I can possibly avoid it. The scariest thing I see going on is credit card firms giving cards to college students without jobs, and I think it's because they know the parents will bail out the kids half the time. That's ridiculous.
Frankly, the banking industry seems rather out of control on several fronts. Their lobby owns Congress.