🔢 The Gist: In a notable contrast to the nationwide trend of escalating credit card debt, residents of Columbus distinguish themselves by contributing the smallest debt increase in the state.
📉 The Details: A recent WalletHub report shows an intriguing anomaly: while credit card debt across the United States approaches a staggering $1.3 trillion, Columbus residents have demonstrated remarkable fiscal restraint, reflected in their 173rd position out of 181 cities for the smallest debt growth.
🔎 By The Numbers:
- Residents of Columbus rank at an impressive 173rd for minimal credit card debt increase.
- Nationwide, credit card debt expanded by $108 billion in 2023.
- The average credit card balance for U.S. households stood at $10,848 at year’s end.
📊 The Big Picture: During a period where many Americans are facing significant financial challenges, the modest increase in credit card debt among Columbus’s populace is noteworthy. It contrasts with larger national trends and indicates a collective discipline in managing personal finances.
Thom Chandler
Thom Chandler is the editor of The Georgia Sun and has been writing, editing and managing websites and blogs since 1995. He is a lifelong Georgian and one of those increasingly rare Atlanta natives.
