Credit Card Champions: 20 US States Where Residents Manage Debt Most Effectively

1. Utah

Percent of Credit Card Debt Balance 90+ Days Delinquent: 6.37%

Utah is the best state in the US when it comes to managing credit card debt. This is despite the fact that the total Utahan household debt balance per capita was $82,240 in Q4 2023, which was the 7th highest across all US states. Its economy was worth $272 billion in nominal terms as of 2023. This made Utah the 29th biggest state in America in terms of its economy.

Utah’s economy is powered by tourism and mining, but a lack of a strong technology or financial base means that overall the economy’s size is small. At Insider Monkey, we delve into a variety of topics, ranging from the states with lowest credit card delinquencies to its impact on the economic performance; however, our expertise lies in identifying the top-performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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