[klodolph]

Because we know that wealth is distributed unequally, and that a scrupulous individual earning $35k gross might have a cash flow under $1k.

[ptaipale]

The debt is also distributed unequally. Mostly so that those who have more wealth, have also more debt (though not 1:1 of course).

[dionidium]

On unsecured credit cards? I doubt it.

[morgante]

Wealthier people are the ones who have unsecured credit cards. Banks apparently have no problem giving me a limit of $50k without any sort of collateral, but my dad can't get a credit card without depositing his entire limit.

[dionidium]

I was given an unreasonable amount of unsecured credit when I turned 18, by virtue, apparently, of the fact that I was now 18. It certainly wasn't because I had any stable income or assets.

[morgante]

My point was that larger credit limits typically come on unsecured cards, not secured ones.

For example, I can get a $20k limit card. It's pretty unlikely that you can get a secured card with a $20k limit.