POLL -- Tampa-Area Business Owners: How Are You Faring?
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All of our costs have gone up 30% this year. Nothing has been spared—business and personal. In Florida, Consumer confidence is high, while people are using their credit cards to float that lifestyle at 25% interest!
Florida is ranked as the second most financially distressed state in the U.S., per WalletHub’s recent analysis—largely driven by burdensome credit card debt.ABC Action News Tampa Bay (WFTS)
The average credit card balance in Florida is approximately $7,392, which represents 11.7% of the state’s median income ($62,973), and reflects an elevated dependency on revolving credit. Additionally, the utilization rate averages 31%, with average FICO scores hovering around 707.floridapolitics.com
Reality and feelings are projected to collide mid-March 2026.