Healthcare, housing, and travel expenses are three big expenses Arizona residents say led to an increase in household credit card debt throughout the state.
The average household in Arizona owes around $7,100.
The total debt levels are higher in cities like Phoenix, where analysts attribute the increased spending as a sign consumers were feeling optimistic about the economy and were taking on additional debt without necessarily preparing for a financial emergency. Not to mention the increasingly expensive cost of living in Arizona, where the average single person needs to earn about $31,077 to live comfortably, with roughly $9,300 spent on housing and $3,800 spent on food annually, according to a 2021 report from CNBC.
Arizona residents interested in either a free credit counseling session and/or enrolling in our debt management program can connect with one of our certified credit counselors by calling us directly at 888-686-4040 or schedule an appointment here.
Notice: DebtWave Credit Counseling, Inc. is NOT A LOAN COMPANY.
License Number: DM-0919890
Arizona Licensed Debt Management Company
Arizona State Banking Department
2910 North 44th Street, Suite 310
Phoenix, Arizona 85018
Testimonials from our Arizona Clients:
- “We’re debt-free! We couldn’t have done this without DebtWave!! Best feeling in the world!"
- “My rep is very helpful. I had to move a payment date and they helped me. They are encouraging and I love the tips!”
- “Once the account was set up, we haven’t really needed anything. It’s been super easy and low-maintenance.”