The attached tables show each state ' s 2007 debt in two ways: per capita and as a percentage of personal income. Note the U.S. has an average 2.53 people per household, so the typical debt per household in the U.S. is $126,728. Overall, Washington, D.C. has more than 3x more total debt per capita than West Virginia. Do you want to republish our data visualizations and/or articles? Of the six states with a population under 1 million people, four have expenditures per capita over $10,000 (Alaska, Wyoming, Vermont, Delaware) and four have revenues per capita over $10,000 (Alaska, Wyoming, Vermont, North … Data from the New York Fed from Q4 2019 reveals states differ when it comes to total household debt amounts, including student and auto loans, mortgages and credit card obligations. If you'd like to use our visualization in books, magazines, reports, educational materials, etc. Debt per capita: $2,867.56. Daily national debt during Trump’s Presidency has increased from $2.861 billion pre-lockdown (01/02/2017 - 03/16/20) per day to $16.366 billion since. 3. Kentucky: $34,910 more credit card debt alone than their entire emergency savings, Visualizing America's Debt per Capita by State. Pedestrian fatalities per capita: 0.75. By Dori Monson Show January 24, 2019 at 8:32 am. The Alaskan residents lead in credit card debts due to their inability to settle outstanding debts as promptly as other states. Among this increase, household debt balances increased by $601, their largest increase since 2007. In 2018, the gross federal debt amounted to around $65,600 U.S. dollars per capita. Among the substantial increases nationwide are auto loans and credit card debt, both of which increased by $57 billion over the year. This explosion in debt leaves one to wonder how long it will be until America’s debt bubble bursts. West Virginia: $30,580 West Virginia: $28,790: $44,061: 0.65: 2. A 472% increase in the rate of daily debt. Washington, D.C. Our data comes from the Center for Microeconomic Data of the Federal Reserve Bank of New York and contains the total debt per capita for all 50 states. Debt is broken into auto, credit card, mortgage, student and other debt. Debt (Billions): $22,773.20 Debt Per Person ($): $69,162.19 2019 Gross Debt/GDP (%): 106.22. If you are feeling the squeeze of mounting debts, or want to stay ahead of the seemingly endless debt cycle, check out our HowMuch debt consolidation guide. In 2018, the states with the least debt per capita were: Tennessee ($929 per capita) Nebraska ($1,068) Nevada ($1,135) Georgia ($1,266) Florida ($1,299). Mississippi: $33,140 In 2000, average state debt per capita was $1,942. 4. The average per capita debt across all 50 states in 2018 was $3,600. Alabama residents owe $38,000 in debt. States with the highest amount of state and local debt per capita in the 2012 fiscal year (the most recent data available from the Census Bureau) were New York ($17,405 per person), Massachusetts ($14,517 per person), Alaska ($13,066 per person), Connecticut ($11, 928 per person), and New Jersey … Almost 15% of all debt held in the nation’s capital is owed on student loan debt. The public debt relative information provided by national sources (CIA) is not always objective and true, given the fact that … For our viz we use a radial chart comparing the overall total debt level for each state, with the totals broken down by subcategory. Israel. In 2000, average state debt per capita was $1,942. What is the average debt per capita by state? Long-term liabilities are higher than the national average, at 330 percent of total assets, or $12,816 per capita. In a report released in September 2017 by the nonprofit Truth in Accounting (TIA), states were ranked by taxpayer burden, a term that reflects "the amount each taxpayer would have to send to their state's treasury in order for the state to be debt-free" as of 2016. Average life expectancy: 79.1. Compare and rank State, Local Government Revenues by state from US Census Bureau data. James McAllister is a staff writer at Ballotpedia. The high credit debts of the Alaskans is contributed by the economic situation in the state and seasonal job… Ballotpedia is the digital encyclopedia of American politics and elections. Contact us at editor@ballotpedia.org. Overall cost of living is a large factor in total debt. Abraham Lincoln’s years in the Oval Office saw the largest percentage increase in National Debt under any President, increasing 2859% overall Learn more about how Statista can support your business. Landfill trash per capita: 16.7 tons. This week's Monday Map takes a look at the total state debt per capita in each state at the end of the 2011 fiscal year. Tennessee has the lowest ranking with a debt of $925 per capita, and Massachusettes has the highest at $11,309. Iowa: $38,920: $56,570: 0.69: 5. 2. Washington state ranks sixth in nation for per capita state debt. 25. United States of America (National Debt: $19.23 trillion (USD)) Spain (National Debt: €1.09 trillion ($1.24 USD)) Singapore (National Debt: $350 billion ($254 billion US)) Japan, with its population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Data for all 50 states and the District of Columbia are included in the following table, sorted alphabetically by state. For both measures, states are listed alphabetically and ranked from highest to lowest. Click on the map to enlarge it. California ranked 43rd, with a taxpayer burden … 5. We will email you when we're ready, just drop your address in the box. we can issue a permission document, granting non-exclusive rights to reproduce, store, publish, & distribute. California. State: Total debt per capita: Median individual income: Debt-to-income ratio: 1. Colorado: $73,890 39. https://howmuch.net/articles/breakdown-each-state-debt-capita And for the place where people could most use a lesson on good manners, This Is the Rudest State in America. Wisconsin: $39,120: $56,759: 0.69: 7. The states with the highest debt burdens, such as California and Hawaii, are some of the most expensive states to live in, and Washington DC is one of the most expensive cities to live in. Population growth is measured from 2008 to 2017 and revenue volatility from 1998 to 2017; both reflect census data. That remains to be seen, but it appears that coronavirus may be bringing that reality closes: a market downturn threatens to expose a highly leveraged corporate market, which in turn could affect the consumer debt market. US Census Bureau, & whitehouse.gov. Nationwide, the revenue per capita is $7,842 and expenditure per capita is $7,120. This compares to a statewide average of $10,959. 4. At over $13,000, the District of Columbia’s per capita student debt exceeds any state, which makes sense as the U.S. Census Bureau has named Washington, D.C. the most educated metro in the U.S. While the average debt nationwide now stands at $51,000, there’s a large swing in debt by state: Washington, D.C. leads the nation with $88,450, with West Virginia in last place at $30,580. Maryland: $72,310, 1. Compare this to a gross domestic product per capita of $58,388 and it’s no surprise that over one quarter of Americans have more credit card debt alone than their entire emergency savings. 3. Per capita U.S. state and local government debt outstanding 2017, by state State and local debt in the U.S. as a percentage of GDP in 2017, by state Gross public debt of U.S. states 2000-2025 The definition does not include underfunded pension obligations as state debt. ... Federal Debt Total Public Debt State Public Debt Local Public Debt Recent Debt History. Hawaii: $74,230 In the long run, Illinois’s negative net asset ratio of 2.86 points to the use of debt and large unfunded obligations. Nineteen states were above this per-capita average, with 31 states below. E-mail me the best content from Howmuch.net. The residents carried the heaviest burden of credit card debts per capita of $4,270. State of Illinois Real Time Debt Clock. Stanley Chang | EyeEm | Getty Images. Give us credit as your source, "HowMuch.net, a financial literacy website", Copy this link to your website (Image is included here). The net debt per capita is a measurement of the value of a government's debt expressed in terms of the amount attributable to each citizen under the government's jurisdiction. Visit us at Ballotpedia.org, or follow us on Facebook and Twitter. Oklahoma: $35,110. California: $73,400 From coast to coast, debt is on the rise: total household debt hit a record high $14.2 trillion in the fourth quarter of 2019. Want to use our visualization online, including on open publications like blogs, news sites, etc.? Total state and local government debt per capita by state listed in the next tables. North Dakota: $42,230: $61,285: 0.69: 6. The Washington State Capitol Building in Olympia. Claim: About New York state: \"We have the highest debt per capita.\" Revenues only cover 92 percent of expenses, with a worsening net position of –$450 per capita. Net debt would decrease by about one-third of GDP. Let Ballotpedia deliver the news straight to your inbox. All told, total debt is now 11.6% larger than its pre-Great Recession peak. Here are the 10 states with the highest debt per capita: Massachusetts ( $11161.84) … Although debt per capita is dependent on debt levels and total population, states that are highly indebted have a comparatively higher debt per capita. Oklahoma: $33,890: $49,767: 0.68: 4. Note: Debt per person and local-state borrowing divisions reflect 2015 census data, the most recently available source when Pew’s debt interactive was created. The average debt per capita ranges from $30,580 in West Virginia to $88,450 in Washington, D.C. Over a quarter of Americans hold more credit card debt than emergency savings. In 2018, the states with the least debt per capita were: The states with the highest debt per capita were: The US Census Bureau defines debt as “all long-term credit obligations of the government and its agencies whether backed by the governments’ full faith and credit or non-guaranteed, and all interest-bearing short-term credit obligations,” and includes “judgments, mortgages, and revenue bonds, as well as general obligations bonds, notes, and interest-bearing warrants.” State debt includes financial arrangements where a state-affiliated institution (like a public university), a hospital, or a quasi-governmental authority (like a stadium district) issues debt that the state government guarantees, but the entity makes the debt payments. Nineteen states were above this per-capita average, with 31 states below. Request webinar. Washington DC: $88,450 Landfill trash per capita: 37.6 tons. In states with the lowest debt-to-income ratios, residents have a higher percentage of credit card debt compared to residents in states with the highest DTI. On average it takes an Alaskan 20 months and a total of $992 in interest to clear their average card debt of almost $7,552. The average mortgage debt in Alabama is $21,880 per capita. Let us know in the comments and share with your friends. (AP) Total U.S. household debt hit a record-high $14 trillion in Q4 2019. Credit card debt rose by $57 billion over last year. "California has the highest debt-to-income ratio in … Starting from $468 / Year. 12,631,724. United States. 5. Reckless Index Score: 24.40. Recent statistics indicate that Alaskans are the most indebted people in the US. Nebraska: $39,400: $56,675: 0.70: 8. 2. Arkansas: $33,950 How does your state’s consumer debt compare to nationwide? View previous maps here. Ohio: $37,160: $52,407: 0.71: 9. Debt per capita: $1,032.03. Indiana: $37,210: … State Debt Per Capita The combined debt of all states totaled more than $4 trillion for fiscal year 2011, according to data compiled by State Budget Solutions. The District of Columbia has the greatest average per capita debt at $86,730 (73 percent more than the national average) while West Virginia at $29,430 is the least (41 percent less than the national level). The average per capita debt across all 50 states in 2018 was $3,600. These will be for sale soon. States With the Highest Debt Amount . (March 3, 2020). New York City’s debt per capita is $13,800 based on 8.623 million people. Thanks for your interest in purchasing a high-quality poster of this visualization. Speeding tickets per capita: 487.04. States are tasked to apply macroeconomic management operations to reduce debts. This information comes from the United States Census Bureau, a report produced by State Budget Solutions (SBS) focusing on state and local government budgets, and a report by Truth in Accounting focusing on debt per capita. Not surprisingly, states with smaller populations tend to have higher expenditures and revenues per capita. The United States of America could be called the United States of Debt: recent data shows that Americans on average owe a total of over $51,000. Net debt subtracts financial assets a government holds from the gross debt amount. Kansas: $37,320: $55,477: 0.67: 3. Do you think the coronavirus will affect the debt market? List of countries by external debt Rank Country/Region External debt US dollars Date Per capita US dollars % of GDP; 1 United States: 8.766224789 × 10 ^ 12: 31 March 2020: 26,533: 42: 2 United Kingdom: 9.019 × 10 ^ 12: 31 December 2017: 127,000: 313: 6 France: 6.673009 × 10 ^ 12: 12 May 2020: 87,200: 277: 3 Germany: 5.7358032 × 10 ^ 12: 31 March 2020: 69,000: 153: 4 Japan: 4.7653479 × 10 ^ 12 $168,807,499,643 All … State-Level Debt-to-Income Ratio, 1999 - 2020 These maps illustrate the evolution of the median household debt-to-income ratio by state over time. The tables below give the outstanding state debt for each of the 50 states as of 2015. 1. Household debts have risen for 22 consecutive quarters. Rounding out the five states with the most student debt per capita are Maryland, Minnesota, and Ohio, in that order.On the flip side, Wyoming has the least debt per capita ($3,610), which is 33.0% lower than the national average.Hawaii follows right behind at $3,780, and 29.9% below the national average.. Interestingly, a growing population on the West Coast helps to lower the debt burden … Map; Table; 1999 2019 PLAY. Send requests to: permissions@howmuch.net. Share .
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