Some cities are experiencing far higher credit card debt than the national average.In a new WalletHub report, Californians were found to take on high debt compared to the rest of the U.S. But not all cities or states face the same type of debt crisis.California in particular showed a notable amount, taking up four of the top five debt spots nationwide.Santa Clarita was number one, with a $21,836 credit card debt per household, and Chula Vista was not far behind, at $20,920.
'Santa Clarita, for instance, is the city that had the most paid off household debt in the first quarter of 2024, and incomes tend to be far higher than the U.S. average. That means many might have higher credit limits and can spend a lot on their credit cards before paying it off in the next billing cycle.Chula Vista also has relatively few people in true financial distress, according to WalletHub, and it's 67 out of 100 of the largest American cities for debt delinquency.