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States with the Highest and Lowest Amount of Retail Debt

Published: March 1, 2018 by Guest Contributor

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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