Data reveals states with the highest credit card debt
Woman shares tips for 'cash stuffing' after paying off $70K debt in 2 years
Jasmine Taylor of Amarillo, Texas, saved money by using the "cash stuffing" method — allowing her to pay off debt in just two years. She joined "FOX & Friends" to share tips on how she did it.
Californians are racking up the most credit card debt, according to recent data from personal finance website WalletHub.
Currently, consumers across the nation hold $1 trillion in credit card debt.
In 2022 alone, $116 billion in new credit card debt was added as inflation continued to weigh on household budgets. In the second quarter of 2023, consumers added almost $43 billion, which marks the second-largest increase during that period to date, according to WalletHub.
For the average household, credit card balances sat at about $10,170 at the end of the second quarter, only $2,242 less than the record set during the fourth quarter of 2007, during the Great Recession.
CREDIT CARD DEBT HITS $1T FOR THE FIRST TIME EVER
WalletHub compared the 50 states based on the latest consumer-finance data available from TransUnion, the Federal Reserve and the Bureau of Labor Statistics, adjusted for inflation.
American Express, MasterCard and Visa credit cards are displayed for a photograph in New York, U.S., on Tuesday, May 18, 2010. (Credit: Daniel Acker/Bloomberg via Getty Images)
According to the data, the average household in California had nearly $10,000 in credit card debt during the second quarter. Overall, the Golden State had more than $152 billion in credit card debt during the second quarter.
CREDIT CARD DEBT RISING IN DOUBLE-EDGED SWORD FOR THE ECONOMY
The average Texan household owed about $9,200 in credit card debt during the second quarter, while the total credit card debt in the state reached over $111 billion.
Florida, New York and Illinois rounded out the five states with the largest credit card debts with totals of over $87 billion, over $79 billion and more than $46 billion, respectively.
RELATED: Here's how much the average household owes in debts
Comparatively, Wyoming, Vermont and North Dakota residents held the smallest card debt totals at about $2.09 billion, $2.2 billion and $2.5 billion, respectively.
Here are the top ten states with the highest total credit card debt during the second quarter:
- California: $152,707,028,131
- Texas: $111,299,095,554
- Florida: $87,100,047,481
- New York: $79,608,721,593
- Illinois: $46,785,492,452
- Pennsylvania: $45,638,259,152
- Georgia: $41,132,589,305
- Ohio: $38,478,365,000
- New Jersey: $37,935,342,142
- North Carolina: $36,505,559,579
Find more updates on this story at FOXBusiness.com.
Philadelphia weather: Tuesday evening forecast
FOX 29 meteorologist Kathy Orr looks at current conditions ahead of tonight's MLB All-Star Game and breaks down the 7-day forecast.
Taco Bell investigated as lettuce emerges as possible source of cyclosporiasis outbreak
Taco Bell is under investigation as health officials identify lettuce as the likely source of a recent cyclospora outbreak.
Goodbye middle seat: United Airlines announces new seating option
United Airlines is introducing a new Economy Plus seating option that replaces the traditional middle seat with an open space and shared table.
Spain beats France 2-0 to advance to World Cup Final
Fans at FIFA Fan Fest in Philadelphia react after Spain defeated France 2-0 advancing to the World Cup Final.
FIFA World Cup: What to know about Spain as they advance to the final
Spain has advanced to the final in the 2026 FIFA World Cup after defeating France 2-0 at Dallas Stadium on Tuesday.
FULL: MLB All-Star Red Carpet in Philadelphia
FOX 29's Jenn Frederick goes behind the scenes at the MLB All-Star Red Carpet and offers a first-hand look at MLB All Stars ahead of the game.
Philadelphia weather: All-Star Game forecast
FOX 29 meteorologists Kathy Orr and Scott Williams break down the forecast for tonight's All-Star Game and check in with Breland Moore at Citizens Bank Park.
Houston Texans co-founder Janice McNair dies at 89
Houston Texans Co-Founder and Senior Chair Janice S. McNair has died at the age of 89, the organization says.
Judge rips Trump’s IRS lawsuit, refers his lawyer for disciplinary action
A federal judge referred for disciplinary action one of the lawyers representing President Donald Trump in his lawsuit against the Internal Revenue Service and stated the case was filed for an "improper purpose."