15 of the most debt-ridden statesArticle added by Lynette Gil on January 6, 2016
Lynette Gil

Lynette Gil

Joined: June 02, 2014

While many people have bounced back from the Credio.com, a new website that provides comparisons for financial products and services created by Graphiq, which in turn is a website that transforms data into visualizations, compiled the data from the Federal Reserve Bank of New York to see how U.S. debt has changed over time. The debt that they dug into includes mortgage, auto loans, credit card and student loan debt per capita from 2003 until 2014.

2.4 million Federal Employees are set to retire this year. Download this free whitepaper to learn how you can capitalize on this opportunity!

 

DOWNLOAD NOW



They then ranked the states to see where consumers are most indebted. The following list provides you with a number of opportunities to help consumers get the reigns of their financial futures.

Here are the top 15 states with the most debt, as ranked by Credio.



No. 15: Delaware
  • Total debt: $47,150

  • Average student loan debt: $4,600

  • Average auto loan debt: $3,780

  • Average credit card debt: $2,810

  • Average mortgage debt: $35,960
Photo: Dover, Delaware.


No. 14: New Hampshire
  • Total debt: $47,350

  • Average student loan debt: $5,000

  • Average auto loan debt: $4,320

  • Average credit card debt: $3,170

  • Average mortgage debt: $34,860


No. 13: Minnesota
  • Total debt: $47,610

  • Average student loan debt: $5,550

  • Average auto loan debt: $3,260

  • Average credit card debt: $2,930

  • Average mortgage debt: $35,870


No. 12: Utah
  • Total debt: $48,060

  • Average student loan debt: $3,620

  • Average auto loan debt: $4,150

  • Average credit card debt: $2,610

  • Average mortgage debt: $37,680


No. 11: Alaska
  • Total debt: $51,330

  • Average student loan debt: $3,640

  • Average auto loan debt: $4,690

  • Average credit card debt: $3,830

  • Average mortgage debt: $39,170


No. 10: New Jersey
  • Total debt: $53,170

  • Average student loan debt: $4,970

  • Average auto loan debt: $3,410

  • Average credit card debt: $3,510

  • Average mortgage debt: $41,280


No. 9: Connecticut
  • Total debt: $53,480

  • Average student loan debt: $4,760

  • Average auto loan debt: $3,050

  • Average credit card debt: $3,370

  • Average mortgage debt: $42,300


No. 8: Washington
  • Total debt: $54,320

  • Average student loan debt: $3,710

  • Average auto loan debt: $3,350

  • Average credit card debt: $3,100

  • Average mortgage debt: $44,160


No. 7: Massachusetts
  • Total debt: $54,880

  • Average student loan debt: $5,310

  • Average auto loan debt: $3,130

  • Average credit card debt: $3,180

  • Average mortgage debt: $43,260


No. 6: Colorado
  • Total debt: $57,530

  • Average student loan debt: $5,150

  • Average auto loan debt: $3,870

  • Average credit card debt: $3,230

  • Average mortgage debt: $45,280


No. 5: Virginia
  • Total debt: $58,250

  • Average student loan debt: $4,680

  • Average auto loan debt: $3,920

  • Average credit card debt: $3,330

  • Average mortgage debt: $46,320


No. 4: Hawaii
  • Total debt: $60,390

  • Average student loan debt: $3,010

  • Average auto loan debt: $2,950

  • Average credit card debt: $3,360

  • Average mortgage debt: $51,070


No. 3: California
  • Total debt: $62,210

  • Average student loan debt: $3,890

  • Average auto loan debt: $3,420

  • Average credit card debt: $3,050

  • Average mortgage debt: $51,850


No. 2: Maryland
  • Total debt: $63,300

  • Average student loan debt: $5,480

  • Average auto loan debt: $4,200

  • Average credit card debt: $3,320

  • Average mortgage debt: $50,300


No. 1: Washington, D.C.
  • Total debt: $76,080

  • Average student loan debt: $11,260

  • Average auto loan debt: $2,420

  • Average credit card debt: $3,470

  • Average mortgage debt: $58,930


Originally posted on LifeHealthPro.com
The views expressed here are those of the author and not necessarily those of ProducersWEB.
Reprinting or reposting this article without prior consent of Producersweb.com is strictly prohibited.
If you have questions, please visit our terms and conditions
Post Article