U.S. Cities That Have Racked Up the Fattest Credit Card Debt

What's Hot

How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

8 Creative Ways to Clear ClutterAround The House

Study: People Who Curse Are More HonestFamily

This Free Software Brings Old Laptops Back to LifeMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

Protecting Trump Will Cost Taxpayers $35 MillionFamily

The 3 Golden Rules of Lending to Friends and FamilyBorrow

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

Porta-Potties for Presidential Inauguration Cause a StinkFamily

Tax Hacks 2017: Don’t Miss These 16 Often-Overlooked Tax BreaksTaxes

5 New Year’s Resolutions That Will Pay Off 10 Years From NowCollege

After a lull during the Great Recession, the use of plastic is resurgent in the U.S. economy. Find out who leads the pack in the return to swipe- now, pay-later behavior.

Americans are increasingly whipping out plastic to pay for their purchases. This growing reliance on credit cards resulted in Americans closing out 2015 with more than $900 billion in credit card debt, according to a recent credit card study by CardHub.

That means the average U.S. household is shouldering the highest amount of credit card debt — more than $8,000 per indebted household — since the Great Recession.

It’s a troubling (and disappointing) trend, especially when you consider just 18 months ago, many Americans reported either taking the scissors to their credit cards or making sure to pay off their balances in full each month. But more Americans seem to be practicing “swipe now, worry later” spending habits.

“Many consumers are focused on immediate gratification; it is very easy to pull out the plastic and make instant purchases,” Laura Beal, a lecturer in finance, banking and real estate at the University of Nebraska at Omaha, told CardHub.

In addition to factors like income and financial literacy, CardHub said where you live plays a significant role in how well you manage your credit card debt and how high that debt rises.

According to CardHub, these 10 cities have the highest average credit card debt:

  • Beverly Hills, California: $13,583
  • Darien, Connecticut: $12,858
  • Westport, Connecticut: $12,220
  • Southlake, Texas: $11,512
  • Greenwich, Connecticut: $11,255
  • Highland Park, Illinois: $11,111
  • Colleyville, Texas: $11,107
  • Manhattan Beach, California: $10,721
  • Lake Forest, Illinois: $10,462
  • Calabasas, California: $10,444

These cities have the lowest average credit card debt:

  • Clarkston, Georgia: $2,705
  • Camden, New Jersey: $2,850
  • Coachella, California: $2,965
  • San Luis, Arizona: $3,028
  • Hamtramck, Michigan: $3,148
  • Delano, California: $3,150
  • Adelanto, California: $3,155
  • Laguna Woods, California: $3,300
  • Bell Gardens, California: $3,343
  • Lauderdale Lakes, Florida: $3,374

Here are some other interesting findings from CardHub’s credit card debt study:

  • Based on residents’ average credit card balance and income, College Station, Texas, has the longest estimated payoff timeline at 387 months (more than 32 years), which is 47 times longer than the shortest payoff timeline, 10 months, for Cupertino, California.
  • Americans added $21.3 billion in new credit card debt during the third quarter of 2015,  which is 71 percent higher than the post-recession average.

For help finding the perfect credit card, including rewards cards, be sure to visit the Money Talks News Solutions Center.

You can also find help with credit-card debt, credit restoration and debt collector harassment there.

What do you think of Americans’ increasing reliance on credit cards? Share your thoughts below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: 7 Steps to Quickly Eliminate Your Holiday Debt

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,766 more deals!