Guess Which State Has The Highest Debt Per Person (Free Flight New Media)

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Guess Which State Has The Highest Debt Per Person

Joe Weisenthal
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Nov. 28, 2011, 1:12 PM

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We just published a big chart pack from the New York Fed about the state of consumer debt.
This chart about debt per capita by state is interesting, both due to the high level of debt in California and the low level of debt in Texas, which of course goes along way to describe the fortunes of each state today, with Texas doing considerably doing better.
Click here to see more charts >

Image: New York Fed

SEE ALSO: More awesome debt charts from the NY Fed >

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Debt, Consumer, California |
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Here We Go Again: Italian S... CRAMER: 'We Are In DEFCON 3... The Water Cooler 10 Comments 6 0 Flag as Offensive WN on Nov 28, 1:29 PM said: The picture still holds if you adjusted for income (Texans, despite random millionaires, still make under 80 cents on the dollar of what Californians do), but it wouldn't be nearly as sharp a contrast. Reply 1 0 Flag as Offensive Major on Nov 28, 1:49 PM said: Debt per capita is interesting but tells nothing of debt-to-income ratio or debt-to-asset ratios. A somewhat more relevant debt statistic would be the portion of current GDP growth directly attributable to matching growth in debt. That or any other measure of the extent to which our economic "growth" continues to be predicated on debt-fueled-consumption would actually be a pretty good indicator of the extent of our recovery )if any) from the Great Recession. Reply 1 0 Flag as Offensive jb (URL) on Nov 28, 1:49 PM said: I thought CT was in the top 5. Reply 1 0 Flag as Offensive jb (URL) on Nov 28, 2:02 PM said: @jb: Sorry. The chart includes total debt. I think CT is high up for public debt per capita. Reply $('.replies .view-all a').click(function() { $(this).parent().parent().removeClass('alert').html('<img style="padding: 7px 0 0" src="<a href="http://static7.businessinsider.com/assets/images/icons/icon_loading.gif">http://static7.businessinsider.com/assets/images/icons/icon_loading.gif</a>"> Loading'); }); 0 1 Flag as Offensive andygayton on Nov 28, 1:56 PM said: i wonder what kind of voodoo went on with nevada's number. makes me think the article's data is pure bullshit. Reply 2 0 Flag as Offensive oil state on Nov 28, 2:07 PM said: Saudi Arabia also has lower debt probably. Wanna move? Reply 2 2 Flag as Offensive Gault on Nov 28, 2:20 PM said: Illinois' numbers would be much worse, but their solution is to just not pay their bills, as opposed to issuing more debt. Reply 2 1 Flag as Offensive lazy statistics on Nov 28, 2:29 PM said: need to normalize debt by household income. of course CA/Northeast debt is high--due to mortgages/high real estate prices and edu debt (to a lesser extent). Reply 3 0 Flag as Offensive Nick on Nov 28, 2:49 PM said: The places with the most college grads (student loan debt) and the most expensive real estate (mortgages) has the highest debt? Uh, duh? Reply 0 0 Flag as Offensive ProfessorKZ on Nov 28, 7:39 PM said: @Nick: You mean underwater debt real estate - DUH! Nevada has the highest college grads? Nick on that logic you should run for President! Reply $('.replies .view-all a').click(function() { $(this).parent().parent().removeClass('alert').html('<img style="padding: 7px 0 0" src="<a href="http://static7.businessinsider.com/assets/images/icons/icon_loading.gif">http://static7.businessinsider.com/assets/images/icons/icon_loading.gif</a>"> Loading'); }); Receive email updates on new comments! 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November 29, 2011

Guess Which State Has The Highest Debt Per Person