While 2020 may have been the of the worst years of all years for anyone, one of the big positives for the year is that Americans paid down their collective credit card debt by a record $82.9 billion worth of debt. It just so happens that one of the cities in America that seems to be doing well when it comes to credit card debt is Cheyenne, WY.
According to a new Wallet Hub study, Laramie, Wyoming, has one of the highest average rates of credit card debt in the entire country.
Gillette has the lowest rate of credit card debt on Wyoming, ranking in the 11th percentile nationally...
Some people have done "plastic surgery" and have gotten away from credit cards. For those who haven't, be careful because they could be costing you more than you think.
Retailers reported robust numbers on Black Friday last year, which surprised some analysts because the economy is still struggling and unemployment is high. But new data from the Federal Reserve shows where much of that money came from: credit cards.