credit card debt

3 statements across 2 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jul 16, 2017 by Alex Rampell · across every show →

Everything said about credit card debt, oldest first

Jul 16, 2017
Assertion Partly supported
Rampell: Average U.S. indebted household owes over $15,000 in credit card debt
“The average U.S. Household that has credit card debt has over 15,000 dollars in credit card debt.”
Alex Rampell Jul 16, 2017 ▶ 14:43 What Happens When Mobile (Really) Hits the Wallet
Jul 16, 2017 neutral
Assertion Partly supported
Rampell: US credit card debt stands at $1 trillion with 15% interest
“So I think the median rate probably for credit card debt right now is about 15%. There's a trillion dollars of outstanding credit card debt, and this is bundled together with the payment type.”
Alex Rampell Jul 16, 2017 ▶ 13:16 What Happens When Mobile (Really) Hits the Wallet
Jan 2, 2019 neutral
Assertion Partly supported
Alex Rampell: US banks earn up to $180B yearly in credit card interest
“So there's a trillion dollars of credit card debt in the United States, and this is on average yielding between 15 and 18% for the banks, so that's a lot of money for them, so every year they're making a 150 to a hundred and eighty billion dollars in interest …”
Alex Rampell Jan 2, 2019 ▶ 26:20 a16z Podcast | Fintech Revolution or Evolution?
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