Credit Card Debt Survey Interview with CBS Radio

By Media Relations Senior Industry Analyst Matt Schulz spoke on Monday, July 27, 2015, with CBS Radio about the July 2015 Credit Card Debt survey. The interview and transcript are below.


San Antonio, Texas is the city with the most debt burden in the country. That’s according to a new study by The study compared the average credit card debt in the 25 largest U.S. cities with the median income in those cities. Matt Schulz is a Senior Industry Analyst. He says it comes down to how much people earn.

Matt Schulz: Washington, D.C. has the nation’s highest credit card debt, but since its earnings are so high, it’s debt burden is actually one of the lowest in the nation.

Hmm. Could take nearly a year and a half for a median income San Antonio resident to pay off the area’s average credit card balance.

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