24 May 2005
The color of your cards
From the "I did not know that" department: A New York survey firm has found that Latino and African-American households tend to carry more credit-card debt than their white counterparts, and the gap is slowly widening.
Are there cultural factors at work here, or is it simply a reflection of relative wealth? (Keep in mind that I'm doing my part for egalitarianism by carrying a debt load that would frighten two or three families of any ethnicity.)Posted at 8:03 AM to Common Cents