Americans are accumulating significant credit card debt, reaching approximately $1.3 trillion. In the past year alone, an additional $108 billion was added to this growing pile. The contribution to this debt varies significantly across different cities.
WalletHub conducted a study to identify which cities have experienced the most growth in credit card debt. This analysis involved comparing over 180 cities using the most recent data on consumer finance from TransUnion and the Federal Reserve, with adjustments made for inflation.
Here are the top 10 cities: