Credit Card Balances Are Growing Almost Everywhere — Especially in These 23 Cities

Credit card usage is steadily on the rise across America, with Experian recently noting that the average American's credit card balance has reached approximately $6,700 in the second quarter of 2024. While $6,700 is certainly nothing to sneeze at, Experian also noted there are at least 23 American cities in which the average credit card balance is literally double – that is, at least $1,340 – or more than the national average.

October 18, 2024 · 1 min · 91 words · Rebecca Crosby

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The photo shows a close-up shot of a hand holding a credit card, with the card being bent slightly to symbolize the idea of stopping its use. The background is a simple, neutral-colored desk, providing a minimalist setting for the main focus of the image. The camera lens used is a wide angle, capturing all the details of the credit card and the hand holding it.