Credit Card Debt Study
WalletHub, Jun 7, 2023
U.S. consumers are back to bad habits when it comes to credit card debt. Consumers added an all-time record $179.4 billion in new credit card debt to their tab during 2022, capped off by an $84.9 billion increase during the fourth quarter alone. Now, consumers have started 2023 by paying down just $24 billion - the second-smallest first-quarter credit card debt paydown in the past decade.
You can find more credit card debt statistics and insights into the financial health of U.S. consumers below.
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| Overall Rank* |
City |
Household Credit Card Debt |
Household Credit Card Increase |
Total Credit Card Debt |
Total Credit Card Increase |
| 49 |
Honolulu, HI |
$14,927 |
$2,498 |
$1,990,637,558 |
$333,107,955 |
| 178 |
Pearl City, HI |
$16,640 |
$930 |
$245,532,678 |
$13,729,767 |
|