I read an article on MSN Money today that claims that the statistics that we’ve all heard about average credit card debt are misleading, or just plain wrong. In fact, over half of us don’t have any credit card debt, much less than the $8,000+ every single person is supposed to have in average credit card debt. I think this is just another example of how statistics can be manipulated to show whatever people want to show – the example the article uses is that if you are in a room with Bill Gates and Warren Buffett, along with 18 or so other people, the average net worth in the room is going to be around $4 billion, no matter how much the other 18 people have.

So credit card debt is not as bad as we thought. If you are one of the 20% or so that doesn’t have a credit card, or one of the 50%+ that is managing their credit cards properly, you should celebrate by getting a rewards credit card to get free stuff! Go get one now – Airline miles, cash back or points – you choose!