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Shit I had more credit card debt than that when I graduated high school. None now, but I've read the average household had about $25,000 or so.
If you ask me the Feds should have paid out and cancelled everyone's cards for a trillion and then added some real credit rules. My guess is then the banks could have eaten the loss on the mortgages. Instead, we are all still fucked as a nation.
Brad
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President at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
71 industry awards for hosting and professional excellence since 1999
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