Utah most debt-ridden state in U.S. Here’s why

Utah ranked as most debt-ridden state according to new study by Cultural Currents Institute
Average Utah household owes 138% of state's average salary ($57,360)
Utah ranks high for auto loan and mortgage debt but lower for credit cards and student loans
High debt-to-salary ratio attributed to Utah having youngest population (median age 31.1)
Arkansas, Hawaii, Alabama follow Utah for states with highest debt-to-salary ratios

deseret.com

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Posted 9/6/2023, 1:14:00 AM