Illinois ranks 5th in US for credit card debt increase, with average household owing $10,764 and total debt at $48.78bn.

A WalletHub study reveals Illinois ranks fifth in the U.S. for credit card debt increases, totaling $48.78 billion. The average household in Illinois owes $10,764, up $274 since the last report. This rise, noted from Q1 to Q2 2024, reflects broader trends contributing to a national credit card debt of approximately $1.28 trillion, which rose by $109 billion over the past year, influenced by inflation and rising living costs.

September 22, 2024
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