Numbers don’t Lie

The author calculates the surge in credit card dues without considering total spend in each year. Contrary to what author claims, from 2011 to 2015, the outstanding credit card dues as share of total spend decreased from approx 24℅ to 15℅. This inference weakens the author’s main argument that people are bad in managing credit card debt ( personally, I feel it’s true). Anyone with different opinion?

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