People in these states have the most credit card debt


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Americans have an absolute mountain of credit card debt in 2022 — $887 billion, to be exact.

This credit card debt statistics page tracks Americans’ credit card use each month. We update this page regularly, looking at how much debt people have, how often they carry a balance month to month, how often they pay their credit card bills late and more.

Since the second quarter of 2021, credit card balances have risen by $100 billion. That’s a 13% increase, the largest year-over-year jump in more than 20 years.

With the increase, Americans’ credit card debt stands $40 billion below the record set in the fourth quarter of 2019, when balances stood at $927 billion. Thanks to rising interest rates, stubborn inflation and myriad other economic factors, it’s likely a matter of time before credit card balances surpass the 2019 record.

Though balances aren’t quite at record levels yet, they’re still light years above the $480 billion seen more than 20 years ago in the first quarter of 1999.

Card debt showed hockey-stick growth until the financial collapse in 2008, when balances fell from $866 billion in the fourth quarter of 2008 to $660 billion in the first quarter of 2013. But, as you can see in the chart below, the hockey stick returned.

Then, when the pandemic took hold in 2020, credit card balances plunged again — from $927 billion in the fourth quarter of 2019 to $770 billion in the first quarter of 2021. But — again — the hockey stick returned, thanks to a massive spike in the fourth quarter of 2021.

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10. Massachusetts

Credit card debt: $6,942

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9. New York

Credit card debt: $6,973

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8. Texas

Credit card debt: $6,999

Image Credit: DenisTangneyJr.

7. Florida

Credit card debt: $7,049

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6. Alaska

 Credit card debt: $7,127

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5. Hawaii

 Credit card debt: $7,246

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4. Virginia

Credit card debt: $7,442

Image Credit: DenisTangneyJr.

3. Maryland

Credit card debt:  $7,464

Image Credit: James_Lane.

2. Connecticut

Credit card debt: $7,721

Image Credit: traveler1116.

1. New Jersey

Credit card debt: $7,872

Credit cardholders in New Jersey have the highest average credit card debt of any state, according to LendingTree data, while those in Kentucky have the least.

View the complete list.

This article originally appeared on and was syndicated by

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