Nevada leads nation in credit card debt growth

2018-08-27 3,419

A large number of Nevada residents have been struggling to curb their credit card debt, according to a recent study. A report from Experian ranked Nevada as the state with the highest year-over-year growth in credit card debt in the U.S. with 9.3 percent growth in the second quarter of 2018. Nevada’s booming population is most likely the biggest contributing factor for this growth, said John Luis Alcantara, a wealth management advisor at The Alcantara Financial Group in Las Vegas. Clark County reported that its population grew to nearly 2.25 million in August 2017, a 10 percent increase from the 2.04 million residents in 2010. Alcantara said some of those new residents may be bringing in credit card debt from other states. John Luis Alcantara

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