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Connecticut shoppers adding more debt to credit cards

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As we delve into the holiday shopping season, there's no doubt many of us will whip out our credit cards to pay for gifts, and the balances on those cards can build up before you realize what you're doing.

According to a recent report done by Experian-Oliver Wyman Market Intelligence, Connecticut residents are carrying the third highest debt in the nation.

Nationally, the average credit card debt among cardholders in the third quarter is now $3,769. The average debt for a Connecticut cardholder is $4,500, up $71 dollars from last year.

Camille Gagliardi, a private wealth advisor, says after paying off debt following the 2008 financial crisis, consumers may be charging more again because they feel more comfortable.

“My guess is that the reason it's gone up slightly in the last year, is that people feel like they have a little bit more disposable income with gas prices going down and therefore they're feeling a little more confident and they're shopping a little bit more," said Gagliardi.

As for the state that came with the highest credit card debt?  Alaska takes the cake, with the average cardholder debt at $4,653.

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