It seems that Houstonians are getting pretty darn comfortable swiping that plastic at the register again. So comfortable, in fact, that Houston has become the top city in the United States for rising credit card debt. We've finally made it onto the top of a list for something other than pollution, traffic, or humidity, folks.
According to the National Consumer Trends Credit Report -- which was compiled by the credit giant Equifax -- Houston is right in first place as the top metropolitan city for rising credit card debt.
The report compared credit card data from the second quarter of last year to this year's second quarter, and found that the nation overall increased their credit card debt by about 2.9 percent during that time.
It's not surprising that Houston saw a rise in credit card debt, considering that the results of Equinox's report showed that consumers in each of the nation's 25 largest metropolitan areas increased their credit card debt in the second quarter of 2014. What is surprising, however, is how much it went up compared to the national average.More »