A report by CreditCards.com found that Mississippi had the highest credit card debt burden in the U.S. when factoring in household income while Massachusetts had the lowest.
Two other southern states and two from the mountain west ranked behind Mississippi:
Louisiana ranked third with a balance of $5,429 and an average household income of $75,590 for a 21-month payoff period.ranked fourth with an average balance of $5,398 compared to an annual household income of $76,989 – which also amounted to a 21-month payoff period. Massachusetts fared the best in the CreditCards.com report, coming in with an average credit card balance of $5,633, compared to an average annual household income of $124,789 – which amounted to a 13-month payoff period based on the report’s assumption of 5% of monthly gross income being allocated to credit card debt.
The three states that rounded out the top five areas with the lowest credit card burdens relative to income each had a 14-month payoff period and ranked as follows:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Multiple tornadoes have killed at least one person and injured nearly two dozen in MississippiOfficials say multiple tornadoes swept through Mississippi overnight, killing one and injuring nearly two dozen. State emergency workers are still working with counties to assess the damage from storms in which high temperatures and hail in some areas accompanied tornadoes. The death and injuries have been reported by officials in east Mississippi’s Jasper County. In a Monday morning news release, the Mississippi Emergency Management Agency said more than 49,000 homes in central Mississippi are without power. Mississippi Gov. Tate Reeves said the tornadoes struck in Jasper County and Rankin County, which borders the capital city of Jackson.
Read more »
PolitiFact - Massachusetts church wasn’t hosting same-sex wedding when it burned down after lightning strikeThe First Congregational Church in Spencer, Massachusetts, burned down June 2 after it was struck by lightning. But the fire did not happen during a same-sex wedding ceremony, nor were there any injuries reported, as some on social media have claimed.
Read more »
Mississippi man killed when homemade explosive device detonates in yardThe man was suffering from 'significant wounds' and was pronounced dead at the scene.
Read more »
Mississippi man killed when homemade explosive device detonates in yardThe man was suffering from 'significant wounds' and was pronounced dead at the scene.
Read more »
Podcast: Will Mississippi Republicans vote for Brandon Presley?Mississippi Today’s Adam Ganucheau and Taylor Vance dive deep on the results of a new Mississippi Today/Siena College poll of likely Republican voters. Listen now.
Read more »