New Experian data has revealed that personal loans hit record levels in 2018, totaling more than $291 billion. Our studies show that personal loan debt is growing faster than auto, mortgage, and student loan debt.
- There are currently 36.8 million outstanding personal loan accounts held by 10.8% of adults in the US.
- Some cities carry an average of more than $200,000 in personal loan debt, while other cities maintain average balances of less than $5,000.
- When it comes to the top 25 U.S. cities with the highest personal loan debt, Manhasset, NY ranks 1st – with an average of $232,877.
- Princeton, NJ ranks 10th for highest personal loan debt – with an average of $88,271.
See the rest of the list here: https://www.experian.com/blogs/ask-experian/research/top-cities-with-the-highest-personal-loan-debt/