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Southern California Leads in Credit Card Debt | San Diego News
Description
Credit card debt is soaring in Southern California—with Santa Clarita topping the list at over $23,000 per household, followed by Chula Vista at nearly $20,000. Other California cities like Rancho Cucamonga and Fontana also rank highly, while New York City makes the cut too. Interestingly, many of these high-debt areas also boast higher median incomes, suggesting residents aren’t drowning in debt but rather leveraging credit responsibly thanks to greater earning power and access. Data from TransUnion and the Federal Reserve reveals a nuanced picture: high debt doesn’t always mean financial distress—it can reflect economic opportunity and credit availability in thriving urban markets.
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