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Dayton ranks among top cities with highest credit card debts

Dayton ranks in the top 2 percent of cities with the highest credit card debt, according to a new study from WalletHub.

Americans are projected to have added an additional $80 billion of credit card debt at the end of 2016, mirroring outstanding balances close to what was seen during the Great Recession, the study found.

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Dayton ranked in the 98th percentile of cities with the highest amounts of credit card debts, and the average person in the city has about $5,303. That debt took an average of about 90 months to pay off, according to the study.

But tracking credit card debt on a national level can be difficult.

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In 2015, the Federal Reserve Bank of New York reported the total amount of credit card debt U.S. consumers claimed to have was 37 percent lower than the figure lenders reported.

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The study used TransUnion credit data to calculate the number of months required to pay off the average balances in 2,537 cities.

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