How Much Credit Card Debt Do Most New Hampshire Residents Really Have?

Debt is one thing nobody wants, but personal debt is too often unavoidable.

It's staggering to look at how fast debt accumulates, but also how much debt the nation has as a whole.

From Q2 last year to Q2 of this year, our debt has nationally increased by 16%.  That's a whopping number, which means we are all spending more, sometimes out of necessity, and other times for "wants" rather than "needs".

Overall, America has $1.2 trillion in credit card debt, which is absolutely staggering, and $116 billion of that was last year alone.

If you are trying to wrap your head around these numbers, you are not alone.

Here's the good news for the Granite State.  New Hampshire ranks 10th with the least amount borrowing, with the average household owing $8171 in credit card debt.  While that will still take a bit of time to pay off, the state is in better shape than most other states.

New Hampshire as a state has over $184 million in credit card debt, which seems like a lot, but pales to California, the state with the highest credit card debt in the nation, at over $152 billion dollars owed.

New England did well with New Hampshire, Maine, and Vermont in the top ten states with the least credit card debt.

Which were the states with the most credit card debt?  At number one was California, then Texas, Florida, New York, Illinois, Pennsylvania, Georgia, Ohio, New Jersey, and North Carolina rounding out the top ten in credit card debt.

According to WalletHub.com, this year is still better than 2007, when owing banks was at an all-time high in America.