New data released by the personal finance company WalletHub has shown the states with the highest and lowest credit card debt increases between the first and second quarters of this year.
California, Texas, New York, and Florida topped the list, WalletHub said.
Across the country, credit card debt is high—the collective debt stands at around $1.32 trillion, with around $65 billion of that amount coming from last year alone, WalletHub reported.
Why It Matters
The high level of credit card debt in the country reflects a number of challenges facing consumers at present.
Since President Donald Trump took office in January, already high grocery prices have been rising even further , and top economists have warned that there are already warning signs showing up in the housing and employ