Everything’s bigger in… Alaska?

Or at least credit card debt is, apparently. Our Partner CFED released this data as part of their annual Assets and Opportunities Score Card, showing that Alaska has the highest median credit card debt per borrower in the nation, at $3,384. (For those of you who slept through math class back in the day, medians differ from averages. The median is the middle number in a list of numbers, so that half of all residents in a state have higher than the median amount of debt, and half have lower.)

Alaska pretty much crushes all the other states, which range from $2,042 per borrower (New Hampshire) to $1,098 (Mississippi). In other words, the difference between #2 and #51 is actually less than the difference between #1 and #2.

In response to this news, Steve Cleary of AkPIRG offered this comment: “Alaska prides itself in being the biggest in many categories, but this dubious distinction is nothing to be proud of. Credit card debt is bad for consumers. This high cost credit is taking hard-earned money from working Alaskans.”

Here’s how the rest of the Top Ten shakes out:

  1. Alaksa $3,384
  2. New Hampshire $2,109
  3. Connecticut $2,094
  4. Maryland $2,042
  5. Colorado $2,030
  6. Nevada $1,994
  7. Virginia $1,983
  8. Delaware $1,960
  9. Washington $1,941
  10. Massachusetts $1,937

You can see the rest of the list here.

AFFIL: End predatory lending now and save the American dream.

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1 Comment on “Everything’s bigger in… Alaska?”

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[...] I am <A HREF=http://caveatemptorblog.com/2008/07/30/everythings-bigger-in-alaska/ surprised</A> that the media is so low. That surprise is probably an effect of the 24 hour [...]

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