Loading...

States with the Highest and Lowest Amount of Retail Debt

March 1, 2018 by Guest Contributor

The average number of retail trades per consumer has been trending down since 2007. But the average consumer retail debt is trending up, roughly $73 year-over-year. When analyzing single-store credit card debt by state in 2017, we found:

States with the highest retail debt:

  1. Texas ($2,198)
  2. Alaska ($2,170)
  3. Arkansas ($2,067)

States with the lowest amount of retail debt:

  1. Wisconsin ($1,374)
  2. Minnesota ($1,440)
  3. Hawaii ($1,442)

Whether you’re a retailer, credit union or financial institution, stay ahead of the competition by using advanced analytics to target the right customers and increase profitability.

More credit trends

Related Posts

In March's State of the Economy report, we provide insights into consumer spending, the housing market, originations, and more.

March 20, 2024 by Josee Farmer

To better understand a consumer's credit behavior over time, financial institutions must leverage trended data.

March 11, 2024 by Natalie Daukas

This report provides a snapshot of the top monthly economic and credit data, including inflation, the housing marketing, and card balances.

February 29, 2024 by Josee Farmer