The 10 states with the highest average credit card debt—and they aren’t New York or California

Posted on AllSides September 19th, 2022
From The Center
Getty Images

Americans with credit card debt face a double whammy.

First, there’s inflation. Prices on a broad basket of consumer goods are up 8.3% from this time last year, a figure that includes even larger hikes in the cost of food, shelter, gasoline and medical care.

At the same time, credit card rates are on the rise. In an effort to tame inflation, the Federal Reserve has embarked on a series of hikes to short-term interest rates, which has in turn pushed up the rates on credit cards. Run a balance...

Read full story
Some content from this outlet may be limited or behind a paywall.

CNBC

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
107939/84796
See full bias rating for CNBC
Learn about media bias
https://www.cnbc.com/2022/09/19/states-with-highest-average-credit-card-debt.html

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right