States With The Most Debt

However there is no clear correlation between state populations and debt-to-GDP ratios.

States with the most debt. States With the Most Debt in 2020. Looking at states in terms of their debt ratio total liabilities to total assets the state with the most debt has almost five times as much debt as. States With the Most Debt in 2020.

States With the Most Debt in 2020. State Debt Ranking Percent GDP. New Yorks total assets are around 10661 billion giving the state a debt ratio of 2738.

Plays home to the highest mortgage debt coming in at 64700 per capita. Stacker takes a look at the situation state-by-state including what some are doing to lessen the crisis. Americans owe an astounding 156 trillion in student loan debt in 2020.

Most debt mortgagesOn average the top 10 highest-debt states or districts have just under two-thirds of debt tied up in housing. To determine which states residents has the most debt in the nation we ranked states by their debt-to-income ratios that is each states total debt per capita divided by residents median incomes. The debts also referred to as unpaid borrowed funds differ from state to state.

Although the two states have a high Gross State Product of 30912 billion and 17384 billion respectively making them the richest states their burden of debts is enormous. 2020 by type Gross government debt as a share of GDP in advanced economies 2001-2020. States with the Most Debt 1.

Texans are splashing out the most cash when it comes to their vehicles with the average Texan having 6880 dollars worth of debt for their rides. States with larger populations tend to have higher aggregate levels of spending and output compared to less populous states. Looking at states in terms of their debt ratio total liabilities to total assets the state with the most debt has almost five times as much debt as assets 24867 billion in liabilities to 5305 billion in assets.