Credit card balances grew 6.6% in the second quarter of 2018 versus the same time in 2017, according to Experian data. The total balances for credit cards increased to $782 billion in Q1 2018 compared to $734 billion in Q2 2017.
Some states are seeing their credit card debt increase more than others, with Nevada and Florida leading the pack. Here are the states that have seen the most and least growth in credit card debt, based on Experian's data for the first quarter.
Credit Card Debt Grows, State-by-State Breakdown
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- Written by: Matt Tatham of Experian
- Category: Breaking News - Daily