“Over 40% of Consumers in Some States Have Delinquent Household Debt, Data Indicate”
December 24, 2019
“Nationwide, 31% of people with credit bureau records had debt in collections last year, according to the 2018 figures, which were published by the Urban Institute. The median amount of that debt was $1,639. “The share of consumers with financial distress, despite the fact it’s going down since the Great Recession, is still quite high,” said Breno Braga, a researcher who worked on the project…
Louisiana was the state with the greatest proportion of that group with any type of debt in collections, at 44%. In South Carolina, Texas and West Virginia this statistic was 42%. At the other end of the spectrum, in Minnesota, it was just 16%, while in South Dakota it was only 17%…”
https://www.routefifty.com/finance/2019/12/delinquent-household-debt-percentage/161971/