Laredoans carrying high credit card debt burden – Money Perception

LAREDO, Texas (KGNS) – Residents in Laredo are having a lot of trouble paying back their credit cards.

According to a report by SmartAsset.com, Laredo ranks at number 10 out of 208 cities with the most credit card debt.

The website determined the places with the highest debt burdens by measuring household credit card debt relative to disposable income.

According to the study, Laredo had a 44.78% credit card debt to disposable income ratio with a median income of $38,862.

The city with the most debt was Greenville, Mississippi with a 97.13% credit card debt to disposable income ratio with a median income of $29,144.

To view the full study click under the related links.