South Carolinians Are Tightening Their Purse Strings
Whether you want to escape to the seaside, learn about our nation’s rich history, hike the Appalachian Mountains, or enjoy a night out on the town, South Carolina has it all. From the charming city of Charleston to the sun-soaked shorelines of Myrtle Beach, the Palmetto State has something for everyone.
Sadly, all of that variety comes at a cost. South Carolinians are tightening their purse strings.
With home prices statewide spiking by 20.8% and grocery prices among the highest in the nation, South Carolina debt is on the rise.
Residents of South Carolina Are Struggling With Debt
With the cost of living rising every day, South Carolinians are struggling to make ends meet. In Columbia, the average household is $12,421 in debt. One hundred miles away, Charleston residents are burdened with an average household credit card debt of $12,147. By continuously charging their household essentials to their credit card and only making the minimum monthly payment, families are caught in a never-ending loop. Being debt-free may seem impossible.
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