Which US state is the most in debt?

California holds the most total state and local government debt, exceeding half a trillion dollars, but when looking at debt per person, New York, Connecticut, New Jersey, and Hawaii often rank highest, showing large per capita burdens for their residents. California's large population makes its total liability the largest, while other states have higher debt relative to their smaller populations.

Which state has the highest debt?

State and local government outstanding debt in the U.S. 2022, by state. In 2022, the federal state of California had about 558.7 billion U.S. dollars of debt outstanding, the most out of any state.

Which state is least in debt?

Tennessee and Utah consistently rank as having the least state government debt per capita, often followed by states like Nebraska, Idaho, and South Dakota, with figures generally under $3,000-$4,000 per resident, indicating strong fiscal management and lower overall liabilities compared to other states, though the exact ranking varies slightly by report.
 

Who owns over 70% of the US debt?

Who owns the most U.S. debt? Around 70-80 percent of U.S. debt is held by domestic financial actors and institutions in the United States. U.S. Treasuries represent a convenient, liquid, low-risk store of value.

Which US state is the most financially stable?

• Utah. #1 in Fiscal Stability. #1 in Best States Overall. ...
• Delaware. #2 in Fiscal Stability. #18 in Best States Overall. ...
• New York. #3 in Fiscal Stability. ...
• Iowa. #4 in Fiscal Stability. ...
• Georgia. #5 in Fiscal Stability. ...
• Nebraska. #6 in Fiscal Stability. ...
• Tennessee. #7 in Fiscal Stability. ...
• Idaho. #8 in Fiscal Stability.

Which States Have The Most Debt? - The Right Politics

Which states are struggling financially?

10 States Where Americans Are Struggling the Most to Cover the Basics

• Mississippi – Score: 90.2 (out of 100)
• Louisiana – Score: 80.3.
• West Virginia – Score: 77.8.
• New Mexico – Score: 74.7.
• Nevada – Score: 72.7.
• Oklahoma – Score: 71.3.
• California – Score: 70.4.
• Georgia – Score: 70.2.

Which state is no. 1 in economy?

Maharashtra - The Economic Powerhouse. Maharashtra is India's richest state, with a GSDP of ₹42.67 lakh crore, which is more than 13% of the country's total GDP.

How many Americans are 100% debt free?

Around 23% of Americans are debt free, according to the most recent data available from the Federal Reserve.

Who was the last president to balance the US budget?

The last president to oversee a balanced federal budget was Bill Clinton, whose administration achieved budget surpluses for four consecutive years, from fiscal years 1998 to 2001, marking the first sustained period of budget balance in decades. This rare feat was due to a combination of economic growth, spending cuts, and tax increases, and it ended with the start of the new millennium, after which deficits returned. 

Can the US get out of debt?

Yes, the U.S. can get out of debt, but it requires significant, often controversial, fiscal changes like substantial spending cuts (Social Security, Medicare), tax increases, or boosting economic growth dramatically; most economists agree a combination of spending reductions and revenue increases is needed to make the debt sustainable, as growing out of it alone is unlikely given current spending demands.
 

Which states are out of debt?

Meanwhile, 10 states—South Dakota, Idaho, Nebraska, Montana, New Hampshire, Utah, Vermont, Rhode Island, Wyoming, and Maine—each had less than $10 billion in debt at the end of 2023, according to Reason Foundation's State and Local Government Finance Report.

What state has the worst debt-to-income ratio?

But why? Idaho is tied with Hawaii for the highest debt-to-income ratio, followed by Arizona, Colorado, and Utah, all at 1.84. One reason Idaho is seeing the highest debt ratios in the country right now is the influx of new residents since 2020.

Which states have a surplus?

While many states report surpluses, often driven by recent strong revenues, North Dakota, Alaska, Wyoming, Utah, and Tennessee are frequently cited as having significant fiscal health or large surpluses in recent reports, though specific rankings vary by the metric (e.g., overall stability vs. annual revenue surplus). Other states like Idaho, New Mexico, Hawaii, and several others also show strong fiscal positions or substantial surpluses, depending on the year and source, notes The Pew Charitable Trusts and Stateline. 

What city is most in debt in the USA?

Cities with the highest credit card debts per household

• New York, NY ($19,540)
• Rancho Cucamonga, CA ($19,515)
• Fontana, CA ($19,325)
• Oxnard, CA ($19,144)
• Gilbert, AZ ($18,914)
• Santa Ana, CA ($18,546)
• Riverside, CA ($18,462)
• Moreno Valley, CA ($18,414)

Who holds the largest US debt?

Japan is the biggest foreign holder of U.S. debt.

As of May 2025, Japan held more than $1.1 trillion, or 3.1%, of the country's total debt.

Which state government has the highest debt?

California holds the most total state and local government debt, exceeding half a trillion dollars, but when looking at debt per person, New York, Connecticut, New Jersey, and Hawaii often rank highest, showing large per capita burdens for their residents. California's large population makes its total liability the largest, while other states have higher debt relative to their smaller populations.
 

What did Bill Clinton do for America?

Clinton presided over the second longest period of peacetime economic expansion in American history. He signed into law the North American Free Trade Agreement and the Violent Crime Control and Law Enforcement Act but failed to pass his plan for national health care reform.

Who was the only president to have no debt?

President Andrew Jackson is the only U.S. President to have overseen the elimination of the national debt, achieving this milestone on January 1, 1835, though it was temporary, as debt accumulated again by 1837 due to economic shifts. Jackson reduced the debt by selling public lands and cutting spending, creating a rare government surplus, but this prosperity was short-lived, leading to financial instability. 

What was the biggest surplus in US history?

THE LARGEST UNIFIED SURPLUS EVER.

Now, instead of a $455 billion deficit, OMB estimates a surplus this year of at least $230 billion the third consecutive surplus and the largest surplus ever, even after adjusting for inflation.

What is the credit card limit for $70,000 salary?

The credit limit you can expect for a $70,000 salary across all your credit cards could be as much as $14000 to $21000, or even higher in some cases, according to our research. The exact amount depends heavily on multiple factors, like your credit score and how many credit lines you have open.

How many Americans have $20,000 in credit card debt?

A majority of Americans (53%) carry some, with an average balance of $7,719. However, a third of those carrying debt (32%) owe $10,000 or more, while almost 1 in 10 (9%) have credit card debt over $20,000.

Which gender has more debt?

Men have 2 percent more credit card debt than women. Men have 9.7 percent more mortgage debt than women. Men have 20 percent more personal loan debt than women. Women have 2.7 percent more student loan debt than men.

What is the richest state?

California is generally considered the richest state by overall economic output (GDP) and as a hub for innovation and billionaires, but Massachusetts often ranks highest for median household income, indicating more widespread wealth, while the District of Columbia leads in per capita personal income, showing high earnings per person, so "richest" depends on the metric used. 

What state has the best economy to live in?

The best state to live in financially depends on your priorities, but top contenders often feature low taxes, affordable housing, and decent incomes, with Wyoming, Tennessee, Florida, Texas, North Dakota, South Dakota, and Iowa frequently appearing for low overall cost, while states like Massachusetts offer high wages but higher living costs. Key factors are no state income tax, low cost of living (housing especially), and strong median household incomes, with states like Wyoming and Tennessee often leading for savings, notes. 

What state has the lowest economy?

There isn't one single "worst" economy, as it depends on the metrics, but recent reports often point to Iowa, West Virginia, Hawaii, and Alaska as having some of the weakest economies due to low economic activity, lagging innovation, or over-reliance on single industries like oil (Alaska). Metrics like GDP growth, job creation, startup activity, and median income place these states at the bottom in various 2025 analyses, though economists suggest context is important.