Posted 12/11/2023, 10:57:31 AM
Miami Tops List of Cities with Longest Credit Card Debt Payoff Times
- Miami ranks #1 for least sustainable credit card debt, with an average payoff time of over 9 years
- High median debt ($3,106) and low median income ($38,823) contribute to long payoff times
- Several other Florida cities also rank near the top for unsustainable credit card debt
- El Paso, Birmingham, and Port St. Lucie round out the top 5 cities with the longest payoff times
- Americans have over $1.2 trillion total credit card debt, expected to grow over the holidays