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Old 05-15-2010, 03:53 PM
 
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Quote:
Originally Posted by Majin View Post
The spread isn't even that much, this data doesn't really say anything. Also good point about mortgage debt.

Also, it's hard to swallow that the average consumer debt is $24k unless that includes car loans.
I was thinking the same thing about the spread.

However, it seems interesting that a lot of high cost/high income metro areas like San Francisco actually have lower consumer debt than low to middle income/moderate cost metro areas like Dallas and Phoenix.

As far as the car loan thing goes....I still think the nunmbers are high even if they include car loans. I've never made more than 50K a year and have never had a car loan. I drive a 13 year old economy car that I paid cash for used when it was 4 years old. For the life of me, I just don't understand how people can be so willing to take on so much debt .
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Old 05-15-2010, 08:24 PM
 
Location: SW MO
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Maybe it just means L.A. has more poor people which could account for lower debt per capita.
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