In this piece, we will take a look at the 25 states that are struggling with the most credit card debt. If you want to learn more about the current state of the credit card market in the U.S., check out 25 States That Are Struggling The Most With Credit Card Debt.
10. West Virginia
Percent of Credit Card Debt Balance 90+ Days Delinquent: 10.46%
West Virginia is another small American state with a low population. It is also one of the poorest states in America in terms of the median household income. Its economy depends primarily on tourism and natural resources.
9. New York
Percent of Credit Card Debt Balance 90+ Days Delinquent: 10.49%
New York is one of the most populated and prosperous states in America. It has one of the largest harbors in the world and has functioned as a gateway for those looking to settle in the U.S. in the early days of the country’s founding. New York’s heart is New York City, a global financial capital housing all of the biggest banks in the world.
8. Georgia
Percent of Credit Card Debt Balance 90+ Days Delinquent: 10.50%
Georgia is a Southeastern American state that ranks eighth in terms of population. Its robust sea and airports make the state a logistics hub. Georgia also houses some of the biggest companies in the world, with the most notable being the carbonated beverages maker, Coca-Cola.
7. Minnesota
Percent of Credit Card Debt Balance 90+ Days Delinquent: 10.60%
Minnesota is located in the Midwestern region close to the Canadian border. It has a vibrant and robust economy, fueled by companies such as Cargill, Target, and 3M. Minnesota is also one of the most prosperous states in America, and it has a median household income of $74,593.
6. Louisiana
Percent of Credit Card Debt Balance 90+ Days Delinquent: 10.98%
Louisiana is a Southern U.S. state with one of the lowest median household incomes in the country. Its economy is fueled by agriculture and natural resources, and Louisiana also has some of the biggest ports in the world.
5. Oklahoma
Percent of Credit Card Debt Balance 90+ Days Delinquent: 11.00%
Oklahoma is a South Central U.S. state. While its median household income is quite low, the state is known for a sizeable presence of the aerospace industry in the form of airline maintenance.
4. Texas
Percent of Credit Card Debt Balance 90+ Days Delinquent: 11.10%
Texas is a Southern U.S. state which is the second biggest in the country in terms of area. It has a sizeable population of 30 million, which also makes it the second most populous state in the country. The Texas economy is known for its energy, agriculture, and aerospace sectors.
3. Arkansas
Percent of Credit Card Debt Balance 90+ Days Delinquent: 11.29%
Arkansas is another landlocked South Central U.S. state. It is one of the least populated states in America. It has one of the lowest median household incomes in the U.S.
2. Florida
Percent of Credit Card Debt Balance 90+ Days Delinquent: 11.68%
Florida is located at the South Eastern tip of the U.S. It is the third most populated state in America and relies heavily on tourism and travel to fund its economy. Additionally, Florida is also home to important launch facilities belonging to the Air Force and NASA.
1. Nevada
Percent of Credit Card Debt Balance 90+ Days Delinquent: 12.95%
Nevada was one of the last states to join the Union. It is the seventh largest state in America, but also one of the most sparsely populated states as well. Apart from tourism and gambling, agriculture and mining also play a crucial role in its economy.
Disclosure: None. You can also take a look at the 19 Best Alternatives to Discord in 2024 and Top 15 Cities Where Gen Z is Moving in the US.
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