Here’s How Your State Ranks On Credit Card Debt Per Household

Tyler Durden's picture

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.

Credit Debt by State

 

Meanwhile, as MarketWatch points out, in the worst states it would take the average family over a year and a half to pay off their credit debt if they contributed 15% of their median income to debt repayment.  But who wants to pay down credit card debt anyway?  We can’t very well have economic growth if people are unwilling to borrow all the way up to the point that they can no longer afford the minimum payment…right, Janet?

Credit Cards

 

According to ValuPenguin, millennials carry an average credit card balance of $5,800 while, shockingly, even those American’s past retirement age are carrying credit card balances over $6,000 well into their 70’s. 

Credit Debt By Age

 

And, of course, the more you make the more you borrow…because why not?

Credit Debt by Income

 

Meanwhile, Experian’s State of Credit 2016 report highlights the top/bottom 10 cities in the United States based on credit score.  Minnesota and Wisconsin absolutely dominate that the top 10 list while California, Texas and Louisiana account for 8 out of the 10 worst cities.

Credit Ratings

 

Oh well, at least little Johnny will love the new Xbox and sneakers for at least a week and it made for a great Facebook pic!

Putin Mocks Democrats, Exchanges Holiday Greetings and Hopes for Successful Negotiations in 2017 with President-elect Trump


Source: Rogue Money Vladimir Putin said today about Hillary and Dems: “In my opinion, it is humiliating. One must be able to lose with dignity.” So true! — Donald J. Trump (@realDonaldT…

Source: Putin Mocks Democrats, Exchanges Holiday Greetings and Hopes for Successful Negotiations in 2017 with President-elect Trump

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Indian government now confiscating private jewelry, gold during home raids


)Source: Natural News, by J.D. HeyesIf you’re an Indian citizen, it is best not to try to hoard gold, jewelry and other valuables, as the government will swoop in and seize it.As noted by Mish Talk, global financial repression is beginning to accelerate, and it is being led by the Asian giant, India. The government recently declared large denomination bills to be illegal to hold, and now it is targeting privately-held gold.But the government is not simply targeting gold bars and/or bullion; authorities are raiding homes and are even taking possession of jewelry, with no questions asked or answered.Here’s some background on what’s taking place:The global elite has determined that the surest way to control the masses is through control over their personal finances. If the masses can horde cash and valuables, then they can’t be bullied or controlled by the globalist elite. So in order to accomplish this, physical currently will have to be made illegal to possess or otherwise taken away from the masses and out of circulation completely. Natural News founder/editor Mike Adams, the Health Ranger, has a great piece explaining all of this.The next step forward by the globalists to control personal assetsMish Talk shares another piece of important background information. It essentially notes that there is “cash chaos” in India, where 86 percent of the money in circulation has been withdrawn. On Nov. 8, Indian Prime Minister Narendra Modi stunned the nation when he announced that 500-rupee ($7.30) and 1,000-rupee notes, which are about 85 percent of the money supply, would no longer be legal tender, effective immediately. “As one might imagine, chaos ensued,” the site noted. “And it continues.”Modi’s decision sparked outrage and angst, especially among the pundit class. Writing in Bloomberg View, columnist Mihir Sharma lamented the currency-pulling, noting that while the country’s gross domestic product grew at a mighty 7.3 percent, that wouldn’t translate into improved economic conditions for most Indians.What’s more, he noted that Modi could not backtrack on his decision to demonetize nearly all privately-held cash, because it remains politically popular.The government sold the demonetization policy as the best way to essentially attack the rich (sound familiar?), and to use it as a “’surgical strike on black money’—the illicit piles of cash many rich Indians have accumulated out of sight of the taxman,” Sharma wrote.But it has become clear since then the policy is anything but surgical. Rather, it appears to be just another step forward by the globalists to control personal assets, which can, of course, be instantly taken via electronic theft by government agencies if/when it becomes necessary.

Source: Indian government now confiscating private jewelry, gold during home raids

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As Obama accomplished policy goals, his party floundered


From the Associated Press By LISA LERER WASHINGTON (AP) — In boasting about his tenure in the White House, President Barack Obama often cites numbers like these: 15 million new jobs, a 4.9 percent …

Source: As Obama accomplished policy goals, his party floundered

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Letter from Jesus about Christmas — Fellowship of the Minds


It has come to my attention that many of you are upset that folks are taking my name out of the season. How I personally feel about this celebration can probably be most easily understood by those …

Source: Letter from Jesus about Christmas — Fellowship of the Minds

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Happy Birthday, Jesus! — Fellowship of the Minds


Luke 2:8-12 Now there were shepherds in that region living in the fields and keeping the night watch over their flock. The angel of the Lord appeared to them and the glory of the Lord shone around …

Source: Happy Birthday, Jesus! — Fellowship of the Minds

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