Sunday, January 30, 2011

North Carolinian’s Are Addicted to Credit Cards

North Carolinians are addicted to their credit cards. Out of the top 20 credit card debtors in the country, the Tar Heel state boast 6 cities with Wilmington ranked at the top. This according to the Charlotte Observer:

Where are people most addicted to their plastic? Apparently it's Wilmington, whose residents seem to love (or maybe just need) their credit cards more than anywhere else in the country.

That's according to data from Equifax, one of the national companies that compiles credit reports on consumers. According to a just-released study from Equifax, people in Wilmington owe an average of 17.26 percent of their income to credit cards, more than any other U.S. city. Maybe it's just a coincidence, or maybe it's something in the water, but the seaside haven is also the hometown of two of the three N.C.-based banks that have failed during the financial crisis.


City

Median

income

Average credit card debt

Percent of income owed to credit cards

1. Wilmington

$42,392

$7,315

17.26%

2. Canton, Ohio

$40,912

$7,050

17.23%

3. Toledo, Ohio

$44,349

$7,414

16.72%

4. Duluth, Minn.

$38,392

$6,418

16.72%

5. El Paso, Texas

$33,126

$5,349

16.15%

6. Asheville

$39,884

$6,431

16.12%

7. Pensacola, Fla.

$42,106

$6,649

15.79%

8. Youngstown, Ohio

$39,304

$6,142

15.63%

9. Fayetteville

$42,506

$6,519

15.34%

10. Winston-Salem

$42,869

$6,505

15.17%

11. Gainesville, Fla.

$38,572

$5,817

15.08%

12. Spokane, Wash.

$42,191

$6,351

15.05%

13. Tampa/St. Petersburg, Fla.

$42,354

$6,373

15.05%

14. Bremerton, Wash.

$54,417

$7,916

14.55%

15. Hickory

$37,623

$5,416

14.39%

16. Sarasota, Fla.

$45,000

$6,429

14.29%

17. Cleveland, Ohio

$47,186

$6,729

14.26%

18. Greensboro

$41,080

$5,771

14.05%

19. San Antonio, Texas

$44,113

$6,167

13.98%

20. Knoxville, Tenn.

$37,269

$5,178

13.89%

  • Source: Equifax




Read more:
http://www.charlotteobserver.com/2011/01/30/2018251/wilmington-tops-the-list-for-us.html#ixzz1CZsJUfWa

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