Thursday, November 21, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, January 5, 2021
Which Hawaii Towns Have Worst Credit Card Debt?
By Selected News Articles @ 11:00 AM :: 3494 Views :: Hawaii Statistics, Cost of Living

2021's Cities with the Least Sustainable Credit Card Debt

From Wallet Hub, Jan 4, 2021

Americans started 2020 with more than $1 trillion in outstanding credit card balances, but the good news is that we are on pace to begin 2021 in slightly better shape. The first two quarters of 2020 saw the highest credit-card debt paydown in decades, due in large part to the stimulus in response to the COVID-19 pandemic. WalletHub projects we’ll end the year with a small overall reduction in credit-card debt, but there will still be a mountain of debt left in 2021.

Some people are in a better position than others when it comes to credit-card debt. In order to determine where Americans have accumulated the most and least sustainable credit-card debts, WalletHub drew upon TransUnion credit data to calculate the cost and time required to pay off the median card balances of more than 2,500 U.S. cities.

read … Full Report

percentile city median credit card debt cost to pay off payoff time (income adjusted)
99 Ewa Beach, HI $3,281 $2,145 86 months and 4 days
98 Lahaina, HI $3,272 $1,883 76 months and 29 days
98 Waipahu, HI $2,864 $1,630 76 months and 5 days
97 Kihei, HI $3,332 $1,736 70 months and 12 days
97 Kapolei, HI $3,881 $2,018 70 months and 7 days
96 Waianae, HI $2,879 $1,466 68 months and 29 days
90 Wahiawa, HI $2,851 $1,225 59 months and 2 days
90 Kahului, HI $2,586 $1,099 58 months and 15 days
85 Hilo, HI $2,895 $1,165 55 months and 19 days
68 Mililani Town, HI $3,160 $1,093 48 months and 10 days
67 Kailua, HI $3,677 $1,260 47 months and 28 days
67 Wailuku, HI $2,888 $0,988 47 months and 26 days
65 Kaneohe, HI $3,109 $1,050 47 months and 8 days
54 Honolulu, HI $2,594 $818 44 months and 9 days
38 Pearl City, HI $2,613 $736 39 months and 26 days
35 Aiea, HI $2,537 $698 38 months and 30 days

 

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii