The States With The Most People In Debt
by Martin Armstrong (Statista)
This chart shows the share of residents by state with debt in collections.
Using data from anonymous consumer-level records from a major credit bureau, the Urban Institute was able to release figures on debt levels across the United States.
Nationwide, 33 percent of people have debt that has gone into collections which means they have unpaid bills creditors have either closed or are trying to collect. Between states, the share of people in debt fluctuates considerably and the lowest levels were recorded in Minnesota (17 percent), South Dakota (18 percent) and North Dakota (19 percent).
Louisiana is at the opposite end of the scale with nearly half its residents in debt with collections.
Last year, 46 percent of people living in Louisiana were in debt and the median amount owed was $1,486. The majority of U.S. states with high levels of debt are concentrated in the south. Texas is second with 44 percent of its residents in debt and South Carolina comes third with 43 percent.
- The Global Economy in 2018
- The Missing Ingredients of Growth
- Why The Trade Balance (Still) Matters
- The Phillips Curve
- NAFTA's Jobs Myth
- Will Powell Be an Accidental Hawk?
- The States With The Most People In Debt
- The Limited Effects of Tax Cuts on the Economy
- The Global Pyramid Of Wealth
- Standard of Living Perceptions at 10 Year High
- Who Can We Trust To Measure Poverty?
- Minimum Wage Industries
- The iPhone Price Index
- Pros & Cons of the Gig Economy
- Calling Working People of All Colors
- Exploding Inequality is Killing Democracy
- Reducing Inequality in the Trump Era
- Obama's Legacy: Growth, Debt & Employment
- Only 5 Countries Have A Bigger GDP Than California
- Global Political Economy
- How The Global Millionaire Club Is Changing
- Plenty of Dough in Online Food Delivery
- The Most Expensive Metro Areas to Live In
- Cities With the Lowest Gas Prices
- The Cost of a Beer: Then and Now
- The Cost of a Cup of Coffee: Then and Now
- Cities Where Coffee Costs the Most
- America's Decreasing Fertility Rate Could Spell Economic Trouble
- The Least Affordable Places for Single Parents
- How the Cost of a Movie Ticket Has Changed Over Time
- The Cost of a Trip to the Emergency Room Since 1940
- Gagging on the Gig Economy
- How Falling Oil Prices Have Changed the Economy
- The Economics of Brexit
- Making China Great Again
- States with the Lowest Unemployment Rates
Economy: "The States With The Most People In Debt"