As parents all around the country wake up this morning and instantly regret adding $1,000's of dollars to their credit cards over the holidays (at a 30% interest rate nonetheless) so that little Johnny could have the latest iPad, gaming console and sneakers, here is a list of the states where consumers have racked up the most revolving debt.
Ironically, when color coded based on political preference, with the notable exception of Alaska, Democratic-leaning states seem to carry higher credit card debt balances than conservative states. Imagine that, conservatives expect their government to run budgets the way they run their own households.
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"..Democratic-leaning states seem to carry higher credit card debt balances than conservative states.."
ReplyDeleteThe DNC is currently $20 million in the red from the last election. I guess they live just like they govern.. spending money they don't have.
This area is bad for it. People drive $50,000 pickup and make less then $40,000 a year. I don't owe on anything but my house. If you can't pay cash you can't afford it.
ReplyDelete