According to World Population Review, the average American household has approximately $137,000 in debt – but that’s nothing compared to the enormous debts that certain U.S. states currently carry.
Unlike the federal government, states can’t just print money to balance their budget, and many have been spending with no regard to the consequences. Here are the states that need to look closely at their books.
Unsurprisingly, Connecticut sits so high on this list at $10,679 of debt per capita – especially considering Connecticut is one of the most expensive states to live in.
Of course, outliers exist in nearly every scenario – Alaska comes in with $8,079 of debt per capita, even though it is the opposite of densely populated.
Think about it: For every person living in Massachusetts, there is over $11,000 in state debt. Not even states like California and Texas have such a disparity!