Louisiana is known for letting the good times roll, but that comes at a cost. Louisiana has the third-highest average credit card debt in the U.S. with an average balance of $5,398. The Pelican State also ranks 47th in average household income, with an average of $76,000 annually. The combination of high debt totals and …
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Maine boasts one of the highest minimum wage rates in the U.S., currently $13.80 per hour but rising to $14.15 on January 1. However, the state also has seen it’s share of labor issues as the lobstering, paper-making and logging industries have seen large declines. This means the average Maine family has a higher-than-average amount …
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Kansans have fared pretty well when it comes to debt, with below-average credit card and non-mortgage debt totals, But that doesn’t mean families aren’t struggling. Many households in the Sunflower State are still struggling to repay debt. If you’re one of them, here’s everything you need to know to become debt-free. How to Become Debt-Free …
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With an average debt balance of $50,450, Illinois residents are doing better than most of the rest of the U.S. when it comes to accumulating debt. But that doesn’t mean families aren’t struggling. Many households in the Prairie State are still struggling to repay debt. If you’re one of them, here’s everything you need to …
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Georgia ranks No. 1 in the U.S. in non-mortgage household debt at $45,778. This places the Peach State ahead of No. 2 Maryland ($45,663) and No. 3 Texas ($44,850). Unfortunately, Georgians also earn a lower-than-average median household income at $65,030. That’s a bad combo. If you’re a Georgia resident struggling to repay debt, here’s everything …
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The Golden State is known for sunny weather, dramatic hillsides, ocean views, the glitter of Hollywood and DisneyLand. But California is also home to skyrocketing costs of living, housing insecurity, high taxes and soaring gas prices. California ranks No. 1 in the U.S. for mortgage debt, owing an average of $161,562 in December 2022. That’s …
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The average per-capita debt balance in Arizona is $53,060, while the average income in the state is just $43,650. That means that on average, each resident of owes an average of $9,410 more than they earn in a year. In addition, the state has an older population. More than a million of the state’s 7.2 …
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Alaska residents have the highest per capita credit card debts in the U.S., with the average Alaskan owing $6,652 and an average personal debt of $67,670, including mortgage debt or student loans. This means Alaskans have $1.66 in debt for every $1 of income on average. Although it’s not the country’s highest, many Alaska residents …
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Florida’s total debt per capita is about $1,299, not including mortgage debt or student loans. Although it’s not the highest in terms of consumer debt, many Floridians struggle to repay what they owe. If you’re one of them, here’s everything you need to know about paying off your debts and becoming debt-free. Here is a …
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Debt consolidation rolls all of your loans into a single, more manageable plan — but it’s not a silver bullet. Here is everything you need to know to decide whether consolidating your debts is your best option. Disclaimer: Credit Summit may be affiliated with some of the companies mentioned in this article. Credit Summit may …
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