Asheville has one of the worst credit card debt problems in the nation, according to a study by the credit reporting agency Equifax. The report ranks the Asheville metro area the sixth worst in the nation, with the average resident carrying 16.12 percent of their annual income in debt.
In the Asheville area, out a median annual income of $39,884, an average of $6,431 — 16.12 percent — was credit card debt, just behind El-Paso, Texas. A total of six North Carolina cities made the study’s “top” 20, with Wilmington coming in as the worst in the nation.
— David Forbes, senior news reporter