While many people have bounced back from the Great Recession, others are still struggling to jumpstart their earnings and make a significant dent in their debt.
A recent article on 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.
Read: $13 trillion retirement gap called a gender crisis
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 control 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.
Read: 10 best states for business
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
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.