It will come as no surprise to most Americans that the country is struggling with debt. The cost of living has risen dramatically in the past couple of years, and the price of gas has managed to make it so that people are finding it difficult to drive their vehicles. These issues are confounding and have reduced a lot of families to a level of financial misery that has them wondering what they can do to handle all the loads of debt that are heaped upon their trembling shoulders.
The best way to combat the problem is to become aware of the facts and figures that represent it. Towards that end, research has been done into discovering the states with the highest amounts of credit debt overall, and the results are startling.
Alaska, a state that is very much isolated and not at all the sort of place most people consider to be relevant to the rest of the nation, leads the country in terms of median credit card debt. The general population of Alaska owes a total of $3,384 of debt on average, according to the studies released recently. The state coming in second is New Hampshire, which owes $2,109 as the median average. In close third is Connecticut, a state whose population has managed to put themselves into $2,094 of debt, generally speaking.
If these figures seem smaller than what they should be, then it is because the reports were based on individual debt rather than collective household debt. If the latter were to have been investigated, then leading financial gurus and economic experts would agree that the reported debt would have been stupendous. These values also represent the median, which means only the person in the middle of every list is considered to represent the debt of his or her respective state.
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Recent additions:
- Consumers Work Hard at Tackling Credit Card Debt
- Money In The Bank And Avoid That Debt
- Foreclosures To Continue Despite Presidential Elections
- The Elderly And Rising Bankruptcy
- Credit Card Debt Is Not Limited To The Middle Class
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