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Buffalo Residents Have Almost $100 Million in Credit Card Debt

Buffalo Residents Have Almost $100 Million in Credit Card Debt Buffalo residents are carrying almost $100 million in credit card debt. According to a study conducted by WalletHub, Buffalonians have $987,235,715 in outstanding credit card debt. Buffalo is ranked at number 174 out of 182 on the list of cities with the biggest credit card debt paydown, meaning we are doing pretty darn bad. According to the WalletHub study data that was emailed to me about Buffalo, here are some highlights: Credit Card Debt in Buffalo: 2021 Change in Household Debt: -$604 Average Household Debt: $8,940 2021 Total Change in Debt: -$66,732,866 Total Outstanding Debt: $987,235,715 Overall, credit card debt in the United States decreased by $56.5 billion during the first quarter of 2021, according to the study. Based on the data, many Americans are taking control of their credit card debt, but not us here in Western New York. Many people had to rely on credit cards during the height of the corona

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