WalletHub Report: New Jersey Faces Surge In Credit Card Debt

With all the day-to-day expenses of living in New Jersey, from high housing costs and transportation to groceries and utilities, it's no surprise that credit card debt can quickly add up.

When there's a fixed amount of money coming in and the bills go up...that's when the credit cards often come into play.

Just running into the supermarket, it's so hard not to spend more than you budgeted for with everything being so expensive.

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New Jersey Residents Face Growing Credit Card Debt Struggles

A recent study from WalletHub looked at the states with the largest and smallest increases in credit card debt, and New Jersey ranks near the top.

The average credit card debt in America is $10,951, but the average person owes more here in the Garden State.

Read More: How Does New Jersey Rank For Budgeting in 2025? The Results Are In

The study was based on the most recent consumer-finance data available from TransUnion and the Federal Reserve, adjusted for inflation.

WalletHub Study Shows New Jersey's Debt Situation

Here in New Jersey, the total credit card debt added in Quarter 2 of this year was $850,978,265, which breaks down to the average household in New Jersey owing $12,873 in credit card debt.

Below are the states with the largest and smallest debt increases.

States With The Largest Debt Increase

1. California

2. Texas

3. Florida

4. New York

5. Illinois

6. Pennsylvania

7. Georgia

8. Ohio

9. New Jersey 

10. North Carolina

State With The Smallest Debt Increase

41. New Hampshire

42. Maine

43. Rhode Island

44. Delaware

45. Montana

46. Alaska

47. South Dakota

48. North Dakota

49. Vermont

50. Wyoming