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(London.CityRegions.com, May 31, 2013 ) London, UK -- The average credit card debt in Kansas City is a balance of $2,743.09, based on data collected by Manilla.com as of April 1. Manilla.com is an online finance business that helps people manage their credit card debt and other finances.
Based on its customer data and ranking the top 10 markets with the highest credit card debt, Manilla found that Kansas City topped the list. San Diego came in second, with an average credit card debt of $2,667.75 and then Baltimore at an average debt of $2,451.53.
Credit card debt is holding fairly steady across the nation. Whether that is a good or bad thing is up for debate, but more consumer spending is a good sign that the economy is turning around for the better. Between 2006 and 2008, credit card debt rose steadily and reached its height in January 2009, six months into the recession, a national financial crisis, as unemployment soared and defaults began in earnest.
In the state of Hawaii, credit card debt overall fell 11% in March compared to a year ago, but it still has some of the highest debt in the country, coming in at second overall for the highest credit card debt. Hawaii consumers had an average of $6,527 in credit card debt last month, compared to $7,362 in March 2012. Only Arkansas had a higher average balance among the 50 states and Washington, D.C., with $6,594.
A new bill passed by the Senate on May 19--which is designed to tighten rules on credit-card interest rates--might keep consumers from letting their spending get out of control again. But one could argue that such measures are unnecessary, as we're throwing down the charge card less and less these days anyway.
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Source: EmailWire.Com
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