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5 U.S. states with worst credit card debt: do you live here?
I’m currently muddling through the most expensive phase of my life.
I’m mid-career, with a sizeable mortgage, payments on one of two cars, and the energy, food, and clothing bills commensurate with having one teenage and one preteen boy living under my roof.
Oh, and both my kids play competitive sports, with fees and travel expenses that dwarf any childcare costs I ever incurred for them when they were young.
Had I not started a business to cope with this non-stop tidal wave of costs, I’d be drowning.
And even with that extra income, some months I’m living cheque-to-cheque.
Yet I can say I have only carried a balance on my credit card one time in my whole life: last year, when Christmas, travel, and fees all teamed up against me at the same time.
While I still feel guilty about that even a year later, things could certainly be worse.
A quick glance at the top 5 U.S. states with the highest credit card debt shows you and I are probably doing just fine.
Ranking U.S. states with the worst credit card debt
Not all debt is bad debt, and just because you have some, it doesn’t mean you can’t handle it.