New York has fourth-highest household debt in US — and it’s getting worse
Posted on AllSides September 23rd, 2022
From The Right
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New York state residents have the fourth highest personal household debt in the country — and the burden is only growing heavier, according to a recent government report.
The office of Comptroller Thomas DiNapoli released a report this week indicating that New Yorkers were carrying an average household debt of $53,830 as of the fourth quarter of last year.
The report noted that while New York was still below the national average of $55,810, the state was still well above the national average when factoring in just student loans and credit card debt per capita.
