Sunbelt States Drowning in Debt While Midwest Keeps Its Head Above Water
HAUPPAUGE, N.Y., Oct. 17, 2023 /PRNewswire/ -- High growth sunbelt states, including Florida, Utah, Arizona, Colorado, and Nevada, grapple with surging household debt, while the Midwest handles debt significantly better. This regional disparity in household finances was a key takeaway from the study: "The U.S. States Most Impacted By Household Debt 2023," just published by NationalBusinessCapital.com.
- National Business Capital's Report on U.S. States Most Impacted by Household Debt Reveals Stark Divide
HAUPPAUGE, N.Y., Oct. 17, 2023 /PRNewswire/ -- High growth sunbelt states, including Florida, Utah, Arizona, Colorado, and Nevada, grapple with surging household debt, while the Midwest handles debt significantly better. - This regional disparity in household finances was a key takeaway from the study : "The U.S. States Most Impacted By Household Debt 2023," just published by NationalBusinessCapital.com .
- The fintech lending platform for business owners discovered that as inflation and consumer demand surge, many households in high-growth Sunbelt states find themselves caught in a debt spiral.
- Auto Loans Are Stressing Otherwise Low-Cost States: States like Texas, Georgia, and Florida face high auto loan obligations due to elevated car prices, including used vehicles.