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Thursday, Dec. 18, 2014

25 states with the lowest levels of personal debt (25 items)

Bethan Owen

July 29, 2014

A new study from the Urban Institute has mapped out American debt by state, and found that Utah has the lowest percentage of state population with past due debt.

UI also found the percentage of state populations with debt in collections, the average total amount of collections debt, and each state's household income for comparison purposes.

Read through the list to discover the 25 states with the lowest percentage of past due debt.

1 of 25. Pennsylvania

Share with past due debt: 5.1 percent

Share with debt in collections: 30.9 percent

Average debt in collections: $4,952

Average household income: $70,352

2 of 25. New Hampshire

Share with past due debt: 5.0 percent

Share with debt in collections: 27.4 percent

Average debt in collections: $5,862

Average household income: $81,747

3 of 25. North Dakota

Share with past due debt: 5.0 percent

Share with debt in collections: 19.2 percent

Average debt in collections: $5,265

Average household income: $73,553

4 of 25. Maryland

Share with past due debt: 4.9 percent

Share with debt in collections: 36.8 percent

Average debt in collections: $4,273

Average household income: $94,160

5 of 25. Indiana

Share with past due debt: 4.9 percent

Share with debt in collections: 35.5 percent

Average debt in collections: $4,846

Average household income: $62,167
1. JayTee
Sandy, UT,
July 30, 2014

Interesting. Statistics can be misleading . . . but take a look at the average household income in Washington D. C. It's pretty true what they say: There really hasn't been much of a recession in D. C., because they've got lots of our money to spend and enjoy.

2. Big_Bird
West Jordan, UT,
July 30, 2014

Good for Utah! Our average household income is right smack dab in the middle of these 25 states. I would be interested in knowing how many of those households are single income homes.

3. Momdoc2
Chandler, AZ,
July 30, 2014

To the people who commented on DC denizens benefiting from government there, remember that also spill over into Maryland and Virginia.

4. A1994
Centerville, UT,
July 30, 2014

Hmm. Didn't I see in this very newspaper, just a year or so ago, how Utah was one of the leading states in foreclosures and bankruptcies? I wish the D-News would add a little more background to all these surveys and stats. They all seem to contradict each other.

5. Picki
Los Altos, CA,
Aug. 3, 2014

Have you ever been to Washington D. C.? I am amazed that the average income is that high. There is so much poverty in D. C. I assume you mean that the politicians have "lots" of your money. Many of the politicians do not live there, they live in home states. If you think that the rich live there, then you must see that the money of the rich does not trickle down to the poor. If these people are not in debt, it is because no one will loan them money.