Pennsylvania is in the top ten states with the highest credit card debt in the nation, according to a recently published study by WalletHub.
Americans started the year owing more than $1 trillion in credit card debt. While the first quarter of the year seemed promising, with consumers repaying around $38.2 billion, the second quarter added another $35.6 billion of credit card debt to the tally.
This puts the outstanding credit card debt at its second-highest level since the end of 2008, after it reached an all-time high in the last quarter of 2018.
Pennsylvania is currently sixth in the nation based on its total credit card debt, which was at $39,037,363,299 for the second quarter of this year. This represents a total credit card debt increase of $1,373,835,361 compared to the same quarter from the previous year.
This means that average household credit card debt in the Keystone State is $8,182, an increase of $274 compared to the same period for the previous year.
Nationwide, average credit card debt per household for the second quarter of 2019 was $8,602, compared to $8,209 for the same period the year before.
Read more about credit card debt at WalletHub here.