I am having trouble understanding what counts as debt. As someone that makes all purchases on a credit card, does that count as debt if I pay it off every month? My initial gut reaction is that the number is low and that means people aren’t buying homes or cars or higher education. Also not sure if this also means older boomers and genx are carrying more debt into later stages of life than they used to. They mention that in the article, but would be curious to see more demographic breakdowns.