Vote now in the 2021 Best of San Antonio Readers Poll.

Monday, December 10, 2018

Here's How Much Credit Card Debt People in San Antonio Are Carrying Around (and It Isn't Pretty)

Posted By on Mon, Dec 10, 2018 at 10:53 AM

click to enlarge WIKIMEDIA COMMONS
  • Wikimedia Commons
Here's a cautionary note to temper your holiday shopping scramble: San Antonians have some of the highest credit card debt in the nation.

According to the killjoys at financial site WalletHub, the Alamo City is in the top 27 percent of U.S. cities with the most credit card debt. Turns out, we owe a median of $2,809 on our plastic.



Yikes.

For those of you who bask in schadenfreude any time you see other Texas cities fare worse than we do, there is a bright side, though. Austinites are in the top 8 percent with a median $3,217 in debt. Sucks to be them, right?

But, if you don't delight in others' misfortune and would rather figure out just how bad you let the credit card companies screw you, fret not, WalletHub's also got you covered. It links to a payoff calculator that shows how long you'll be paying for your sins.

Too lazy to click through? Don't worry. The site did a quick calculation on S.A.'s median credit card debt that shows it would take an average of 14 months, 5 days to pay off the total, including $254 in interest.

So, on Christmas morning when mom unwraps her jar of spiced pear jelly you bought from the closeout bin at Big Lots, go ahead and blame WalletHub for your newfound thriftiness.

Stay on top of San Antonio news and views. Sign up for our Weekly Headlines Newsletter.

Tags: , , , , , , ,

Support Local Journalism.
Join the San Antonio Current Press Club

Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.

Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.

Join the San Antonio Press Club for as little as $5 a month.

Read the Digital Print Issue

May 5, 2021

View more issues

Newsletters

Join SA Current Newsletters

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Calendar

© 2021 San Antonio Current

Website powered by Foundation