When it comes to economic indicators, the big national metrics don’t always reflect what is happening in ordinary households. But families certainly understand what it means for them if they are forced to rely more on credit cards to get by. According to WalletHub’s States with Largest and Smallest Credit Card Debt Increases, released this month, Ohio has the eighth-largest credit card debt increase in the country in the second quarter.
In the Buckeye State, the average credit card debt hit $40,748,707,089, an increase of $858,373,603 from the first quarter. The average household in the state owes $9,352 in credit card debt alone. That’s an increase of an average of $178.
Pennsylvania, meanwhile ranked sixth in the nation, with a total debt of $47,813,578,232, an increase of $1,007,442,7