Experian the global information services company [has] released its findings on average debt* per consumer in the top 20 major U.S. metropolitan areas. Approximately 65 percent of these areas exceeded the national average consumer debt, which was $24,775 in March.
Within the top 20 major U.S. metropolitan areas, Seattle is the most debt-burdened city, coming in at almost $2,000 above the national average debt per consumer, while Los Angeles has the lowest average debt.
“It’s important to look at the whole picture when evaluating how consumers are actually managing their credit,” said Maxine Sweet, vice president, public education, Experian. “Seattle ranks the highest in terms of average debt per consumer. However, additional data shows that Seattle’s consumers have very few late payments and are not maxing out their credit cards, so they are using their credit wisely and maintaining higher credit scores.”
Note: We first posted this "Top 20" list on ResourceShelf's sister site, DocuTicker.
On DocuTicker we post new full text reports (often primary documents) from governments, think tanks, ngo's, academia, and other organizations. The site is usually updated several times a day.
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