{"id":4585,"date":"2016-02-05T23:41:45","date_gmt":"2016-02-05T23:41:45","guid":{"rendered":"http:\/\/financiallyfitfoundation.org\/?p=4585"},"modified":"2016-02-05T23:41:45","modified_gmt":"2016-02-05T23:41:45","slug":"why-does-beverly-hills-have-such-high-credit-card-debt","status":"publish","type":"post","link":"https:\/\/financiallyfitfoundation.org\/site\/why-does-beverly-hills-have-such-high-credit-card-debt\/","title":{"rendered":"Why does Beverly Hills have such high credit card debt?!"},"content":{"rendered":"<div>\n<div>Even I was surprised by this!<\/div>\n<div><\/div>\n<\/div>\n<div>We often teach that having lots of money doesn&#8217;t make you immune from credit card debt or solve money problems.<\/div>\n<div><\/div>\n<div>Now we have a glaring example of how true this is.<\/div>\n<div><\/div>\n<div>\n<p>While the average amount of credit card debt is $8,000 (yikes!), Beverly Hills residents have the highest average credit card debt &#8211; a whopping $13,583, according to CardHub. CardHub&#8217;s report looked at all cities in the United States.<\/p>\n<p>Other LA-area cities whose residents have higher than average credit card debts are celeb-filled Calabasas and Manhattan Beach. Their debt averages $10,000 per cardholder.<\/p>\n<\/div>\n<div><\/div>\n<div>My explanation for these figures is simple &#8212; even high income earners have <span class=\"il\">financial<\/span> difficulties unless they learn how to effectively manage their money. And of course there&#8217;s that &#8220;whole keeping up with Jones'&#8221; thing going on too, which obviously doesn&#8217;t help. Let&#8217;s not do either of those.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Even I was surprised by this! We often teach that having lots of money doesn&#8217;t make you immune from credit card debt or solve money problems. Now we have a&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"footnotes":""},"categories":[54],"tags":[],"class_list":{"0":"post-4585","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why does Beverly Hills have such high credit card debt?! - Financially Fit Foundation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financiallyfitfoundation.org\/site\/why-does-beverly-hills-have-such-high-credit-card-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why does Beverly Hills have such high credit card debt?! - Financially Fit Foundation\" \/>\n<meta property=\"og:description\" content=\"Even I was surprised by this! We often teach that having lots of money doesn&#8217;t make you immune from credit card debt or solve money problems. 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