High Debt States - Solutions
Various survey teams conduct study to find
out debt analysis to figure out the country's financial health or states or
individuals financial health and stability. If your debt is high you have to pay
huge amounts of interest. A recent survey details as given in the
ezineArticle.com by author Jason Rigler the following north east states have
highest average debt .
-
New Hampshire
-
Connecticut
-
Rhode Island
The report measures overall debt of a consumer;
everything present on a credit report, including credit cards and installment
debts but excluding mortgage debt.
The states that follow high debt states are
-
Massachusetts
-
Maine
-
Delaware
The states listed with the lowest average
debt were
-
Mississippi
-
Washington D.C.
-
Oklahoma
The reasons for the difference in debt ratios
among states are
Surprisingly the report says debt amount is
high in the age group of 40 to 49 and 50 t0 59 . This age group instead of
reducing their debt amount increasing the for building up their life styles.