The average number of retail trades per consumer has been trending down since 2007. But the average consumer retail debt is trending up, roughly $73 year-over-year. When analyzing single-store credit card debt by state in 2017, we found:
States with the highest retail debt:
- Texas ($2,198)
- Alaska ($2,170)
- Arkansas ($2,067)
States with the lowest amount of retail debt:
- Wisconsin ($1,374)
- Minnesota ($1,440)
- Hawaii ($1,442)
Whether you’re a retailer, credit union or financial institution, stay ahead of the competition by using advanced analytics to target the right customers and increase profitability.
