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Monday, June 19, 2023
Honolulu Credit Card Debt Soars
By Selected News Articles @ 4:45 PM :: 2372 Views :: Honolulu County, Hawaii Statistics, Cost of Living

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.

read … Full Report

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 

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