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I think a more relevant number would be debt to income ratio.
If you make $15,000 a year, and have $3500 on a credit card, that's a bit different than someone who makes $100,000 and has $3500 on their card.
And before any of it means anything, it's gotta be compared to the cost of living in the area.
Just useless crap.
....the liberals must be SO embarrassed by this article............
Simply proves that conservative, GOP folks pay their bills and live within their means without horrific debt.
GOP = live within your means.
Dumbocrat = live on social wefare, foodstamps, WIC, and rack up outrageous credit card debt, etc. If it's a free handout - we'll sell our vote for it!!
Also, I wish the people who make everything about politics would simply stop. Contrary to what they may think, not everything in life is about politics. I live in a state (NV), with high personal debt, a Republican governor, a Democrat legislature, and yet no one would call the state liberal. Different yes, liberal no.
obama sucking at record pace in 2014
There are more than one or two that offer a lot to the state's residents! Montana and Utah. They also have a lot of farmers and ranchers! What's more, the median income per family is in the highest, along with a fairly low cost of living. I am proud to live in a state like Utah that does so much with their "dollar" in providing a great education for all! They offer us a lot of other things that "blue" states don't give. Like freedom! They, along with Montana respect the citizens rights and respect the Constitution!
It seems that the majority of these states are in the Rocky Mountains / Great Plains area other than Mississippi. People in these areas do have different economics than those in the cities, and they have a different approach to their finances. Even though I have always lived in an urban setting, my spending has always been limited to only purchasing those things I can pay for immediately. This was the upbringing I had. I do use credit cards, but they are more for keeping records of expenses. Each card is paid in full the same day the bill arrives. A car is purchased only when I have saved enough to buy the next one as I make payments to myself instead of the bank. My mortgage was paid off in fifteen years instead of thirty simply by rounding the payment to the nearest hundred dollar amount so each month the principal would come down. I have never had a home equity loan or a personal loan. It is just conditioning that allows for a debt free lifestyle. Keep in mind there always has been enough money leftover for at least two trips overseas and three domestic trips.
No surprise. Conservatives manage their money better.
Most of these states also receive the highest farm subsidies per capita!
Government supported especially Wisconsin and by per capita Iowa, South Dakota etc etc.
Republicans milking the US Government like Boehners TANKS and Alabama C-17s all going into storage.
I have friends that are frugal. Their children and grandchildren get very little help from them. They think I'm foolish and give to much to my children. In there words " our kids have to manage their money and save for things they want". Some of these people are ashamed to find out that their grown children are wishing they were dead so they could inherit their money. I have heard their kids talk this way using different words, but the meaning was the same. I have told my kids that I will give all I can to help with their education and generally just things our young need starting out in life. When I, die I intend to be broke, so no one will profit from my death.
My frugal friend are mostly republican.
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