Bridgeport and New Haven rank low among cities decreasing their household debt according to a recent survey from WalletHub. The study ranked Bridgeport 169th and New Haven 176th out of 182 studies where household debt has increased between the fourth quarter of 2024 and the last quarter of 2025.
In Bridgeport, the average household debt during that time period was $77,386 and decreased by $332. Total household debt was approximately $4.6 billion and decreased by roughly $18.4 million.
In New Haven, the average household debt was $67,549 and decreased by $290. Total household debt was approximately $3.8 billion and decreased by approximately $15.5 million.
According to WalletHub, total household debt in the U.S. is $18.2 trillion and is made up mostly of mortgages. In total, household debt decreased by $73 billion in the first quarter of 2024. The largest debt decrease was in Santa Clarita, California, where total debt decreased by roughly $152.6 million and $2,027 per household. The smallest debt decrease was in Detroit, Michigan, where total debt decreased by roughly $45.7 million and $180 per household.
WalletHub also recently released a second study of 200 respondents on household debt that found nearly half of Americans say their household struggles with debt, with 54 percent of Americans saying their biggest struggle is with credit card debt. 18 percent said mortgage payments were the biggest struggle and 13 percent said student loans.
With talk of trade wars and inflation in the headlines, 42 percent of respondents said they expect their household debt to increase in the next 12 months. 64 percent anticipate tariff s will increase their household debt. 60 percent of respondents said they’re not willing to add to their household debt in order for more goods to be made in America. Nearly 75 percent of respondents said they thought tariffs imposed by Donald Trump’s administration will increase their household debt.
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