Report: Florida One Of 4 States Carrying Highest Credit Card Debt
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ALBANY (CBSMiami/AP) — Not surprisingly, living large in Florida comes at a price.
The New York state comptroller's office says the nation's four most-populated states carry the highest total amount of credit card debt, with California leading the way followed by Texas, Florida and New York.
Democratic Comptroller Thomas DiNapoli says in a report released Tuesday that Californians had racked up more than $106.8 billion in credit card debt by the end of 2017.
The Lone Star State was No. 2 at $67.3 billion, followed by Florida with $59.2 billion and New York with $58.1 billion.
Rounding out the top 10 are Pennsylvania ($33.2 billion), Illinois ($32.2 billion), New Jersey ($29.6 billion), Ohio ($26.7 billion), Virginia ($26.5 billion) and Georgia ($26.3 billion).
DiNapoli says the totals were based on statistics compiled in February by the Federal Reserve Bank of New York.