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Cities Saddled With the Most Credit Card Debt

Florida, California have credit problem, Forbes shows

By Kevin Spak,  Newser Staff

Posted Jun 2, 2009 2:41 PM CDT

(Newser) – The recession has many Americans tightening their belts, but some just can’t seem to put away the plastic. Forbes checked in with Equifax and compiled a list of the country's most credit card-happy cities. Conclusion? Florida might have a problem.

  1. Miami: Average household credit card debt: $9,797, or 22.6% of income.
  2. Tampa: $7,685, or 17.1%.

  1. Los Angeles: $8,816, or 16.8%.
  2. Jacksonville: $8,397, or 16.4%.
  3. Orlando: $8,233, or 16.4%.
  4. Riverside, Calif.: $8,758.
  5. San Diego: $9,694, or 16%.
  6. San Antonio: $7,489, or 16%.
For the full list, see the source.

In this April 22, 2005 file photo, signs for MasterCard and Visa credit cards are shown at the entrance to a New York coffee shop.
In this April 22, 2005 file photo, signs for MasterCard and Visa credit cards are shown at the entrance to a New York coffee shop.   (AP Photo/Mark Lennihan, File)
Credit cards are displayed at a bank ATM, in San Jose, Calif., Friday, May 22, 2009.
Credit cards are displayed at a bank ATM, in San Jose, Calif., Friday, May 22, 2009.   (AP Photo/Paul Sakuma)
There are some places where Americans are still swiping the plastic.
There are some places where Americans are still swiping the plastic.   (Shutterstock)
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COMMENTS
Showing 3 of 3 comments
Robert_Dada
Jun 2, 2009 10:52 AM CDT
Yes some brought this on themselves. However, many others got to this state out of desperation brought on by their inability to afford their homes, either through DELIBERATE predatory lending practices and/or losing their jobs due to the declining economy brought one, simply, due to the f*cking greed of others who 'already got theirs' and didn't need any more.
RobN
Jun 2, 2009 8:44 AM CDT
I can't imagine owing 20% of my income to credit card companies. The kind of juggling it requires to service that kind of debt would keep me up nights.
nick
Jun 2, 2009 7:57 AM CDT
This is total nonsense. Way too much credit card debt. Living within one's means might be a start toward correcting this.

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