Americans increased their collective credit card debt by a record $179.4 billion last year, putting the total at over $1.1 trillion. That number only reflects credit card debt, not loans, mortgages, or other debt. A recent study compared the numbers state by state. Jill Gonzalez is an analyst with the personal finance website WalletHub.
She says with a median credit card debt of nearly $3,000, Georgians have more debt than most. She says it will take 13 months and 14 days to pay that off, and that debt is getting more expensive due to rising interest rates.
