According to a May 30, 2018 article in Illinois Patch, Illinois is among the top 10 states where residents have the most credit card debt. That's according to a report released Tuesday by New York Comptroller Thomas DiNapoli. According to the study, Illinois residents had racked up a whopping $32.2 billion in credit card debt by the end of 2017.
But that pales in comparison to California — the state where you'll need to earn the most to be considered "rich" — where the total was $106.8 billion.
These were the top 10 states with the most credit card debt, according to DiNapoli:
The report offered some sobering statistics about credit card balances nationwide, which declined between 2008 and 2013 but began climbing again in 2014, DiNapoli said.
In 2017, there were nearly 470 million credit card accounts with available balances totaling $3.5 trillion nationwide, with credit cards being the most common method for consumer borrowing, the report notes.