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Credit Card debt averages now available by state
A recent report has just announced that Iowa residents havethe lowest average credit card debt in the United States. This fascinating finding leaves many individuals and families around the nation struggling with credit card debt and bad credit asking “How do they do it?”
According to the report, Chicago-based firm TransUnion conducted its regularly quarterly analysis of trends in the credit card industry. Their findings show that Iowans had average credit card debt of $3,807 in the third quarter, up slightly from $3,792 in the second quarter of 2010 but still the lowest in the nation. Iowa is closely followed by North Dakota and South Dakota who rank second and third in the nation for the lowest average credit card debt per household.
Other interesting findings in the TransUnion third quarter analysis include the fact that Alaskans rank the highest in the nation when it comes to average household credit card debt, with a whopping average per household of $7,159. Hawaii and North Carolina were found to have the second and third highest average household credit card debt by state with averages of $5,716 and $5,640 respectively.
Despite the fact the average American has a few thousand dollars in credit card ... more

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