Credit Card Debt Survey Interview with WIOD Radio Miami
CreditCards.com Senior Industry Analyst Matt Schulz spoke on Tuesday, July 28, 2015, with Jason Lopez of WIOD Radio Miami about the July 2015 Credit Card Debt survey. The interview and transcript are below.
South Florida getting poor marks when it comes to managing credit card debt.
Jason Lopez: The Miami-Ft. Lauderdale area had the fourth highest credit card debt burden in the country. That’s according to a new study by CreditCards.com, which finds more bad news than good.
Matt Schulz: Actually have one of the lowest average credit card balances compared to other large cities, but the problem is they have the lowest median earnings.
Lopez: Spokesperson Matt Schulz says that median earning is about $27,500, which means we’re using 15% of our income on credit card debt. Check out the full study at WIOD.com. Jason Lopez, News Radio 610 WIOD.