Seems like some states are really living on the edge—and not in a good way. According to a recent report, residents in five particular states have the highest credit card debt in the country. It’s almost like the saying, “The struggle is real,” was inspired by these folks. The list provides some eye-opening data that might make you reconsider that extra swipe at the mall.
Topping the unfortunate leaderboard are states where the average credit card debt is through the roof. It’s a tough reminder that while credit cards can be a lifeline for many, they can also be a slippery slope into financial quicksand. Think of it like an all-you-can-eat buffet—tempting, but risky if you don’t know when to stop.
What’s shocking is just how deep the debt rabbit hole goes. You might wonder how these states compare to others and what factors contribute to their sky-high balances. Whether it’s due to a higher cost of living, healthcare expenses, or just plain ol’ spending habits, these insights just might make you re-evaluate your own financial practices.
So next time you’re about to flash that plastic, remember: some states are carrying more weight than others. Are you curious which ones are topping the list? Click the link and keep reading—you might be surprised!
Credit card debt per cardholder tends to rise in costlier areas, especially northward.
States with highest credit card debt per individual:
- Alaska: $8,026
- New Jersey: $7,084
- Connecticut: $7,082
- District of Columbia: $7,077
- Virginia: $6,969
*Alaska’s inflated prices, due to accessibility issues, likely push residents to rely more on credit cards for everyday expenses.
