Question of the Week

Question:
What states saw the biggest decrease in average credit card balance in 2020?

Answer:
Alaska and California with a decrease of 18%

Questions to think about:

• What changes in credit card debt occurred in your state in 2020? What do you think were the causes of this decline in credit card balances?

• How would you strategize to avoid carrying credit card debt if possible?

• How would you budget to pay off debt, whether it's a credit card, student loan, car loan, etc?

Source: HowMuch