Using data from the Census Bureau, TransUnion and the Federal Reserve, the study’s authors looked at inflation-adjusted household debt in the country’s largest 181 cities found Santa Clarita, California to have the highest average household credit card debt ($21,836), followed by Chula Vista, CA ($20,920), New York, NY ($19,207), Fontana, CA ($18,843) and Rancho Cucamonga, CA ($18,549).
I couldn’t imagine having $20k in cc debt at the interest rates they charge.
It’s about $400 a month in interest.
Okay, now let’s all simultaneously just straight up stop paying.
There has to be some factor other than sheer population driving NY’s total cc debt. 63 Billion is an insane number.
Nope, the $63 billion figure is just sheer population, given that the average household debt is laid out right there at the top. It should be noted New York also has a very high per capita income compared to most other large cities, and this Wallethub “study” doesn’t adjust for purchasing power parity
Gotta get that 3% cash back
