(NEXSTAR) – Americans are falling behind on their credit card payments at a level not seen in more than a decade amid high interest rates and persistent inflation, but some cities have far higher average debts than others, a study found.
Four of the five cities with the highest average household credit card debt are located in California, a study by finance site WalletHub found.
3 signs it’s time to pause your credit card spendingUsing 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).
Rank* CityHousehold Credit Card Debt Total Credit Card Debt 1Santa Clarita, CA$21,836$1,601,940,8352Chula Vista, CA$20,920$1,737,924,0203New York, NY$19,207$63,051,659,9944Fontana, CA$18,843$1,052,484,0265Rancho........