States with the Highest and Lowest Amount of Retail Debt

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.

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