How Are Shreveporter’s Handling Inflation

Inflation has been a major concern in Shreveport and across the rest of the country. Inflation has touched what feels like almost every part of life, wether it be because of the ebbs and flows of the economy, looming tariffs, or a bird flu outbreak, everything has gotten a little more expensive.

Taking a look at the average debt of Shreveporters compared to other similar cities we see just how well the residents of Shreveport are handling inflation in day-to-day life.

Americans Lose Faith in the Economy

Recently the University of Michigan's Survey of Consumers found that the overall American's view of the economy is leaning in a negative way. Lots of people attribute their frustration with the economy being the constant whiplash in economic politics and greater world events.

Inflation has been a problem for the economy since trying to recover from the global shutdown of 2020. and clearly, consumers aren't happy about it.

The People of Shreveport Are Much Like Everyone Else

By checking out a study of credit card debt from WalletHub we can see how inflation has hurt the credit card debt of people across some of the biggest cities in America.

According to the study, Shreveport residents have an average credit card debt of $12,309, which totals an estimated $927,538,951 altogether for all residents.

Cities where the residents have a similar average debt include Memphis TN, Durham NC, Greensboro NC, and Richmond VA. While a pattern could be found in Southern cities having similar levels of debt, some southern cities like Plano TX have an average debt of $17,154 or some have even lower like Fort Smith AR where the average credit card debt is $10,658.