https://en.wikipedia.org/wiki/Consumer_leverage_ratio
"In essence, the CLR demonstrates how many years it will take on average to pay off the debt in full if the whole annual disposable income is used to do so."
(again, don't confuse disposable income with discretionary income)
So basically this ratio says it will take the average person 1.68 years to pay off ALL their debt if they use 100% of their after-tax paycheque to pay off debt (which of course is impossible to do).
So ya, pretty useless still. But that's what it does.
"In essence, the CLR demonstrates how many years it will take on average to pay off the debt in full if the whole annual disposable income is used to do so."
(again, don't confuse disposable income with discretionary income)
So basically this ratio says it will take the average person 1.68 years to pay off ALL their debt if they use 100% of their after-tax paycheque to pay off debt (which of course is impossible to do).
So ya, pretty useless still. But that's what it does.
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Rewards program transfer times (e.g. SPG->Aeroplan, Marriott->SPG, Amex MR->SPG...)