Study Finds Southern, Low-Income States Most Burdened by Credit Card Debt

Louisiana, Mississippi, Oklahoma and West Virginia are the most debt burdened states based on the study's methodology of comparing average credit card debt to average income.

The most debt burdened states don't necessarily have the highest credit card balances, but take the longest to pay them off based on income.

Massachusetts is the least debt burdened state, followed by Minnesota, New Hampshire, California, and New Jersey. These states have high incomes and moderate debt levels.

8 of the 10 most burdened states voted for Trump in 2020, while 9 of the 10 least burdened voted for Biden.

To tackle credit card debt, the article suggests balance transfer cards, working with a nonprofit credit counselor, taking on a side hustle, cutting expenses, using upcoming cash like tax refunds, and considering moving to a higher-salary area.