High Population, High Card Debt

The states with the largest populations generally have the most credit card debt outstanding, according to new data from Equifax Inc.

About 54 million Americans owe issuers more than $800 billion in card debt, according to the Atlanta credit bureau's monthly Equifax Consumer Credit Trends Report, which it released Jan. 25.

California and Texas, No. 1 and No. 2 in population according to the Census Bureau, also lead the nation in consumer card debt with $90.6 billion and $48.8 billion in total outstandings, according to Equifax.

Florida, No. 4 in population, is third in card debt at $47.6 billion. Ohio, seventh in population, ranks fifth in card debt at $28.9 billion.

New Jersey, 11th nationwide in population, ranks eighth in total consumer credit card debt at $23.8 billion, while North Carolina, 10th in population, is ninth in total credit card debt at $21.1 billion.

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