Credit Card Debt Study: Trends & Insights
From Wallet Hub, Mar 9, 2020
Credit card debt statistics speak to the financial health of American households. They can also foreshadow over-borrowing bubbles, changes to lending standards, and other trends with the potential to impact our wallets.
(Editor's Note: Ewa Beach has the highest credit card debt in the USA at $29,658 per household. Waipahu is 10th at $25,258.)
Americans began 2019 owing more than $1 trillion in credit card debt. Although the forecast initially appeared brighter, thanks to consumers repaying $38.2 billion in credit card debt during Q1 2019, poor second-quarter results nearly erased that effort. U.S. consumers added $35.5 billion in new credit card debt during the second quarter of 2019 – the largest second-quarter build-up ever. And in the third and fourth quarters, total debt went up by another $21.5 billion and $57.9 billion, respectively. As a result, there was a $76.7 billion net increase in consumer credit card debt for 2019 overall.
WalletHub now projects an $85 billion net increase in credit card debt during 2020….
read … Full Report
Towns Ranked by Amount of Increase or Decrease in Credit Card Debt year/year
| Percentile* |
City |
Household Credit Card Debt |
Household Credit Card Increase/Decrease |
Total Credit Card Debt |
Total Credit Card Increase/Decrease by City |
| 1 |
Waipahu, HI |
$25,258 |
$2,424 |
$207,239,525 |
$19,889,271 |
| 2 |
Aiea, HI |
$20,937 |
$1,979 |
$54,854,938 |
$5,184,940 |
| 3 |
Kapolei, HI |
$21,864 |
$1,876 |
$123,507,295 |
$10,597,090 |
| 3 |
Kihei, HI |
$16,772 |
$1,946 |
$134,189,855 |
$15,566,219 |
| 5 |
Waianae, HI |
$20,687 |
$1,691 |
$66,219,290 |
$5,411,517 |
| 6 |
Pearl City, HI |
$18,343 |
$1,564 |
$256,559,739 |
$21,876,343 |
| 6 |
Wailuku, HI |
$15,222 |
$1,518 |
$93,569,591 |
$9,333,486 |
| 25 |
Ewa Beach, HI |
$29,658 |
$644 |
$90,455,960 |
$1,963,669 |
| 34 |
Mililani Town, HI |
$18,368 |
$434 |
$161,660,779 |
$3,823,239 |
| 38 |
Kaneohe, HI |
$18,876 |
$361 |
$199,315,916 |
$3,811,201 |
| 48 |
Honolulu, HI |
$15,410 |
$160 |
$1,985,014,343 |
$20,567,909 |
| 56 |
Hilo, HI |
$14,920 |
$20 |
$243,230,562 |
$319,280 |
| 62 |
Kahului, HI |
$19,554 |
($109) |
$154,747,310 |
($858,727) |
| 63 |
Kailua, HI |
$19,474 |
($126) |
$91,022,704 |
($590,685) |
| 74 |
Lahaina, HI |
$18,573 |
($365) |
$66,378,924 |
($1,304,613) |
| 87 |
Wahiawa, HI |
$14,610 |
($816) |
$81,027,805 |
($4,523,878) |
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