The States With the Most Credit Card Debt

The States With the Most Credit Card Debt Photo (cc) by sovietmole

This post comes from Christine DiGangi at partner site Credit.com.

The list of states whose residents carry the most credit card debt hasn’t changed much in the last few years: Alaska credit card holders consistently carry the highest average balances, and most of the 10 states with high debt are along the East Coast. America’s average credit card debt per person has gone up recently, with most of these states following suit, solidifying their places on the top 10 list.

Data from the Experian-Oliver Wyman Market Intelligence Reports show that the average credit card balance among U.S. cardholders increased slightly to $3,769 in the third quarter of 2014 from $3,734 in the third quarter of 2013. The average was higher in 2012, at $3,782.

Many states’ credit card holders carry average credit card balances of much more than $4,000, including all the states in the top 10. Here they are:

10. Colorado (No. 8 in 2013)
Average credit card debt per cardholder — $4,152.
Change since last quarter — +$19.
Change since last year — -$21.

9. Rhode Island (No. 10 in 2013)
Average debt — $4,178.
Change since last quarter — +$46.
Change since last year — +$59.

8. Virginia (No. 9 in 2013)
Average debt — $4,225.
Change since last quarter — +$50.
Change since last year — +$79.

7. Georgia (No. 7 in 2013)
Average debt — $4,251.
Change since last quarter — +$25.
Change since last year — +$14.

6. Delaware (No. 5 in 2013)
Average debt — $4,272.
Change since last quarter — +$66.
Change since last year — +$15.

Popular Articles

These 6 Lifestyle Changes Might Help Prevent Dementia
These 6 Lifestyle Changes Might Help Prevent Dementia

Science says these practices can lower the risk of cognitive decline as we age.

10 Food Staples That Are Easy and Cheap to Make Yourself
10 Food Staples That Are Easy and Cheap to Make Yourself

Making any of these key foods yourself will improve your meals and your budget — not to mention your health, in some cases.

12 ‘Disposable’ Items You Should Reuse Rather Than Throw Away
12 ‘Disposable’ Items You Should Reuse Rather Than Throw Away

Are you throwing away money? Before tossing these items that are considered disposable, consider how to give them new purpose.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Trending Stories

Comments