© 2022 91.9 KVCR

KVCR is a service of the San Bernardino Community College District.

701 S Mt Vernon Avenue, San Bernardino CA 92410
909-384-4444
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Click Here To Check Current Inland Empire Traffic Conditions

Inland Region Sees Pandemic's Mixed Effect on Credit Card Debt

credit-cards.jpg
Picpedia
/

The coronavirus pandemic has had a mixed impact on credit card debt in the Inland Empire. According to Inland News Today, consumers in San Bernardino, Fontana and Ontario repaid millions of dollars in debt in 2020, but people in Riverside, Rancho Cucamonga and Moreno Valley increased their debt.

That list comes from a WalletHub report that shows average credit card debt in Inland Empire cities stands at nearly $15,000. Nationally the average household balance is $8,000.

The WalletHub report also shows Americans got rid of a record $82.9 billion in debt. Inland News Today repots this is a major accomplishment given that consumers have added an average of $54.2 billion in credit card debt per year over the past 10 years.