Tucker Carlson Asks Dave Ramsey Why Credit Cards Are a Problem If You Pay Them Off — Ramsey Says, 'That's the Great Lie... Most People Don't'

3 weeks ago 15

Ivy Grace

Fri, Jul 11, 2025, 9:45 PM 5 min read

Most Americans deliberation they're playing it astute with recognition cards—earning points here, dodging involvement there. But erstwhile Tucker Carlson asked fiscal guru Dave Ramsey a elemental question—"What's incorrect with having a recognition paper if you wage the equilibrium each month?"—he didn't expect the reply to unravel a story baked into American user habits.

"Most radical don't," Ramsey replied. "That's the large lie." He added, "Everybody talks astir this theoretical subject that they conscionable freaking don't have."

It wasn't conscionable a blistery take—it was backed by data. "78% rotation the equilibrium implicit period to month," Ramsey said. "Just similar 97% of the radical don't wage a 30-year owe similar a 15."

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Carlson, who invited Ramsey onto "The Tucker Carlson Show" past October, seemed genuinely surprised. But Ramsey wasn't finished. He pointed to the affectional grip recognition cards person connected Americans. "People person carnal reactions erstwhile they chopped up their recognition cards. I mean they're—they're crying, they're shaking."

Ramsey, who built a fiscal empire astir the thought of surviving debt-free, doesn't ain a azygous recognition card. "I don't person recognition cards. I haven't, you know, successful 30-something years," helium said. "I person debit cards connected my concern and debit cards connected my idiosyncratic account, and I usage it similar astir radical usage a recognition card."

He argued debit cards bash everything recognition cards do—just without the risk. "If you're going to wage your recognition paper disconnected each period and you're truly going to bash that, past a debit paper volition work... it's the nonstop aforesaid freaking thing."

But for astir people, it doesn't play retired that way. "The mean American close present is $37,000 successful recognition paper debt," Ramsey said. "They complaint 18 to 28%... truthful you tally that retired times 300 cardinal and you've got immoderate wealth coming into bully aged Chase."

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When Carlson asked wherefore recognition paper companies look untouchable—never facing backlash the mode banks, corporations, oregon politicians do—Ramsey pointed to marketing. "We're taught again with the astir repetitive blase selling implicit the longest play of clip successful quality history... we've been taught don't permission location without it."