Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.
The average credit card debt in every state, ranked
The average credit card debt in every state, ranked
Hillary HoffowerAug 8, 2018, 21:14 IST
Jacob Lund/Shutterstock
Advertisement
Credit card debt is on the rise in the US, with the average American household carrying $5,700 in credit card debt, according to a new report by ValuePenguin.
However, location accounts for differences in credit card debt across American households.
ValuePenguin broke down the average credit card debt by state and Alaska comes out on top.
And while the average percentage of Americans carrying credit card debt has been on the decline over the past ten years, the average credit card debt amount has been increasing, according to ValuePenguin, who recently explored data from the US Census Bureau and the Federal Reserve to take a closer look at credit card debt.
ValuePenguin found that more than 40% of all US households carry credit card debt, with the average American household carrying $5,700 in debt.
However, this average varies across different regions in the US. Using data from S&P Global Intelligence, ValuePenguin broke down the average credit card debt by state to highlight how location plays a factor.
Advertisement
Below, see the average credit card debt in every state, ranked from lowest to highest.
