While many people have bounced back from the Great Recession, others are still struggling to jumpstart their earnings and make a significant dent in their debt.
A recent article on Credio.com, a new website that provides comparisons for financial products and services created by Graphiq, which in turn is a website that transforms data into visualizations, compiled the data from the Federal Reserve Bank of New York to see how U.S. debt has changed over time. The debt that they dug into includes mortgage, auto loans, credit card and student loan debt per capita from 2003 until 2014.
They then ranked the states to see where consumers are most indebted. The following list provides you with a number of opportunities to help consumers get the reigns of their financial futures.
Here are the top 15 states with the most debt, as ranked by Credio.
No. 15: Delaware
Total debt: $47,150
Average student loan debt: $4,600
Average auto loan debt: $3,780
Average credit card debt: $2,810
Average mortgage debt: $35,960
Photo: Dover, Delaware.
No. 14: New Hampshire
Total debt: $47,350
Average student loan debt: $5,000
Average auto loan debt: $4,320
Average credit card debt: $3,170
Average mortgage debt: $34,860
No. 13: Minnesota
Total debt: $47,610
Average student loan debt: $5,550
Average auto loan debt: $3,260
Average credit card debt: $2,930
Average mortgage debt: $35,870
No. 12: Utah
Total debt: $48,060
Average student loan debt: $3,620
Average auto loan debt: $4,150
Average credit card debt: $2,610
Average mortgage debt: $37,680
No. 11: Alaska
Total debt: $51,330
Average student loan debt: $3,640
Average auto loan debt: $4,690
Average credit card debt: $3,830
Average mortgage debt: $39,170
No. 10: New Jersey
Total debt: $53,170
Average student loan debt: $4,970
Average auto loan debt: $3,410
Average credit card debt: $3,510
Average mortgage debt: $41,280
No. 9: Connecticut
Total debt: $53,480
Average student loan debt: $4,760
Average auto loan debt: $3,050
Average credit card debt: $3,370
Average mortgage debt: $42,300
No. 8: Washington
Total debt: $54,320
