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URL:  https://boards.fool.com/those-fud-stories-usually-come-across-to-me-as-34278725.aspx

Subject:  Re: Ever heard of the 30% rule? FICO Date:  8/22/2019  11:14 AM
Author:  xtn Number:  312600 of 312706

Those FUD stories usually come across to me as "OMG!! EVERY AMERICAN OWES CC DEBT $XX THOUSANDS! OUR GRANDCHILDREN WILL BE PAYING.. TEOTWAWKI!" Etc.


That strikes me as weird. Don't those stories usually use the word "average?" As such, how do you perceive them to mean "every?" Don't you know what the word "average" means? It does not imply anything whatsoever about the condition of any subset of the whole.

It MIGHT mean that a single person has all the debt, or it MIGHT mean that every person has an equal share, but it doesn't imply either, or any specific distribution in between. It ONLY tells you what the average is.

xtn
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