Americans are in debt — $1.35 trillion in total last year.
Some U.S. cities have residents who are in more debt than others. A study by WalletHub, a personal finance company, found that Santa Clarita, California, has the highest credit card debt per household so far this year.
Isn't Santa Clarita next to a military base?
ReplyDeleteIt's the first big city you come to at the bottom of the Grapevine when you come into L.A. from the north on Interstate 5. No military base close by, as far as I know.
DeleteFor the last couple of years outstanding consumer credit ran a little less than student loan debt, but both were increasing pretty fast. But, with Brandon screwing all the taxpayers and those who have already paid off their loans by "forgiving" huge amounts of loan debt to buy votes, things are less clear, especially since federal accounting of outstanding loan amounts is anything but accurate, let alone honest. If there was no meddling by corrupt politicians the consumer credit probably would have overtaken student loan debt. And neither is a good sign.
ReplyDelete"Buy now/pay later (if ever)" seems to be the national motto these days.
Chula Vista #2??
ReplyDeleteFrank G
Credit cards paid in full every month, cashback cards. they pay me.
ReplyDeleteMy wife and I always pay off credit cards as soon as the statement arrives. Do we still show up on the stats about credit card debt anyway? Between spending the money and paying it off we are technically in debt even though we don't pay any interest.
DeleteStonyground.
Exactly what michigan doug says!. Pay it off every month and your credit score sky rockets as well!!
DeleteI was very surprised to see the city of Chesapeake VA on the list.
ReplyDeleteLike Chula Vista and Pearl City, next to navy bases.
DeleteJust a coincidence, don't worry, young people in the military don't spend more than they make and go deep in debt because they've received the most expensive schooling in the world.
Credit card debt: The 25 U.S. cities with the most as it relates to income
ReplyDeleteWhere is the bulk of credit card debt in the US located? Let’s take a look at the most recent data on 25 cities where the highest credit card debt is held.
Check out this story on usatoday.com: https://www.usatoday.com/story/money/personalfinance/budget-and-spending/2018/03/02/credit-card-debt-25-u-s-cities-most-relates-income/382537002/