Southern California is home to six of the top 10 U.S. cities with the largest average household credit card debt, according to a new study published on March 13 by WalletHub.
“Comparing the residents of cities based on how much debt they’re adding at the household level and what their average balance is puts things in perspective,” said John Kiernan, WalletHub editor. “Many people’s debt is in danger of becoming unsustainable, which means their financial future is in jeopardy.”
In first place this year was Santa Clarita, about 30 miles north of Los Angeles, where households have an average of $22,753 in credit card debt, according to the report….