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New Jersey Has 2nd Highest Credit Card Debt


the staff of the Ridgewood blog

Ridgewood NJ, Americans have taken on more credit card debt in the last few years. Overall credit card debt hit $807 billion in Q1 of 2019 in the US according to Experian , a 29% increase over the last 5 years.

Here are additional credit card trends:

  • New Jersey had the 2nd highest credit card debt among all states at $6,881 in Q1 of 2019.
  • The New York-Northern New Jersey-Long Island Metro Area had an average credit card debt of $6,872 in 2019.
  • 60.5% of Americans had a credit card in Q1 2019, an 11% increase from Q1 of 2016.
  • The average credit card balance in Q1 2019 was $6,028
  • No Annual Fee and Secured Credit Cards were the most viewed credit cards in Q1 of 2019.

Check out the full research article here: