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Comments

Gareth Rees

When these charts say "credit", they mean "debt", right?

Kaiser

Good observation. It's credit from the bank's perspective, and debt from the customer's perspective. Think of it as mostly credit card debt. I believe most if not all of these charts exclude mortgage debt.

Bill Mill

Very nice example.

John Johnson

I agree and like this post, with the exception of "settling on the one." Often one is not enough.

But I think this post should be required reading for all statistics classes.

Tommi HImberg

Excellent post, thank you very much. Will set it as required reading in our stats class. :)

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