Californians and Texans hold the most credit card debt, according to WalletHub. U.S. consumers nationwide hold more than $1 trillion in credit card debt.
Californians are rackingCurrently, consumers across the nation hold $1 trillion in credit card debt.
In 2022 alone, $116 billion in new credit card debt was added as inflation continued to weigh on household budgets. In the second quarter of 2023, consumers added almost $43 billion, which marks the second-largest increase during that period to date, according to WalletHub. For the average household, credit card balances sat at about $10,170 at the end of the second quarter, only $2,242 less than the record set during the fourth quarter of 2007, during
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