Texas Among States Most Likely to Overspend On Black Friday
Style Magazine Newswire | 11/15/2018, 2:14 p.m.
Black Friday deals are supposed to make Christmas shopping less expensive, but numbers indicate many Texans' eyes are bigger than their wallets. Pamela Rodriguez with Opploans.com reports that Texas ranks among the top 10 states most likely to overspend on Black Friday. The rankings are based on two sets of information 4th quarter 2017 credit card data collected by the Federal Reserve Bank of New York, which was broken down into state-level data on the percentage of credit card debt that's over 90 days delinquent. Texas ranked #6 with 8.41% delinquency, behind Nevada (10.76%), Arizona (9.54%), Florida (9.41%), New Mexico (9.02%), and Arkansas (8.66%). Rounding out the rest of the top 10 were California (8.37%), New York (8.32%), Delaware (8.31%), and West Virginia (8.11%).