Thursday, February 22, 2018

San Antonio has highest credit card debt burden in US

From news4sanantonio. Excerpts:
"San Antonio has the highest credit card debt burden in the U.S., according to a new report. The study looked at each of the 25 largest cities in the U.S. and compared the average credit card debt and the median income. If you go by what experts recommend and dedicate 15% of your income to credit card debt, it would take the typical San Antonio resident 22 months to get out of debt and he or she would pay $911 in interest."

"Cities with the highest credit card debt burdens:

1. San Antonio (22 months, $911 interest)
2. Miami/Ft. Lauderdale/West Palm Beach (21 months, $814 interest)
3. Houston (20 months, $799 interest)
4. Los Angeles (20 months, $745 interest)
5. Dallas (19 months, $801 interest)"
Click here to see the news release from

1 comment:

champ said...

3 of the top 5 are in Texas....perhaps many are living beyond their means. I think some people would call this keeping up with the Joneses on an informal level.