Alaska Leads The Nation With Highest Credit Card Debt Per Borrower
Americans for Fairness in Lending today focused on the median credit card debt per borrower in each of the 50 states (plus the District of Columbia) to emphasize how widespread credit card indebtedness has become and to highlight the states where credit card debt is particularly large and oppressive. Alaska leads all states with a median credit card debt of $3,384 for each borrower—over $1,200 higher than any other state.
New Hampshire is in second position at $2,109 and Connecticut is third at $2,094. Even the states with the lowest median credit card debt—Mississippi, Iowa, and West Virginia—still have median amounts of $1,098, $1,135 and $1,237 respectively.
“The burden of credit card debt is felt in every state across America, with devastating impact on consumers and communities everywhere,” said Jim Campen, Executive Director of Americans for Fairness in Lending (AFFIL), a national non-profit advocating for greater regulation of the lending industry.