Get spiked by email. Today, we are forever scrutinising our dialogue and conversation, looking out for offensive and insulting content. Of course, words, especially demeaning or degrading ones, have always had the capacity to hurt peopleâs feelings. But itâs different today.
Observers have ruminated on the potential value of the works at the Detroit Institute of Arts, the city's collection of classic cars, even its zoo animals. But the sale of any of those assets would just be a drop in the bucket. At $18 billion, Detroit's staggering debt is simply a lot to wrap one's head around. Even the city couldn't fully comprehend the magnitude, it seems, until Emergency Manager Kevyn Orr actually went ahead and filed for Chapter 9 bankruptcy. How could a city of 701,475 people rack up $18 billion in debt?
The average credit card debt. Itâs somewhat difficult to say exactly what is the average credit card debt in America because, as you can imagine, it grows every year and the statistics are always a year behind. However, according to one source, the average credit card debt here in the U.S, per family is $15,519. Just imagine, an average of $15,519. This means many Americans owe even more than this. To show you how credit card debt is growing, it was about $8300 at the end of 2008.