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Makes sense because California, Colorado and Washington economically had a massive surge over the last decade.
The nation's king of debt out of the 50 states is Colorado with per-capita Consumer debt of $147,465
Washington is #2 at $144,138 and California is #3 at 143,909 per-consumer
Oklahoma at just over $70,000 and West Virginia at just over $61,000 are the lowest.
Colorado and California are the world leaders where materialism is supreme and a vast majority loves to have a no concessions celebrity lifestyle.
Not a surprise at all, Colorado is a state of massive McMansions, luxury cars and many restaurants charge $20 or more for soup and salad.
Californians have massive household sizes on average, lots of lavish luxury and many of the newer suburbs have absolutely massive houses also.
California's Inland Empire is the most materialistic region in the United States of America I have ever seen.
The Inland Empire is not even that wealthy and yet the vast majority of residents like to emulate celebrity lifestyles with their off-the charts flashiness lifestyle.
I have not been to Oklahoma but it obviously less than half as materialistic as Colorado and California
I have been to West Virginia and it seemed very non-materialistic. Weirton and Wheeling seemed to have mainly well-built 3 bedroom mid-century homes and some older rowhomes and the cars people were driving were good enough to go from one place to another.
Oklahoma at just over $70,000 and West Virginia at just over $61,000 are the lowest.
Yes, they're doing so well. West Virginia is losing population and is #2 in % of population receiving welfare, Oklahoma is 5th. People in those states also have very little to no equity in their homes. It's sad what's happening there but let's not pretend it's something it isn't.
Because many people. mostly younger people from what I've seen, are living at the limit of their income and inflation has come in and socked us all, to maintain the lifestyle, they have opted to run up debt. You can live on borrowed money for awhile.
I read through the data, and this is not a red state versus blue state thing as much as people having to deal with inflation, which to some degree has been caused by our government and especially Democrats.
Makes sense because California, Colorado and Washington economically had a massive surge over the last decade.
The nation's king of debt out of the 50 states is Colorado with per-capita Consumer debt of $147,465
Washington is #2 at $144,138 and California is #3 at 143,909 per-consumer
Oklahoma at just over $70,000 and West Virginia at just over $61,000 are the lowest.
Colorado and California are the world leaders where materialism is supreme and a vast majority loves to have a no concessions celebrity lifestyle.
Not a surprise at all, Colorado is a state of massive McMansions, luxury cars and many restaurants charge $20 or more for soup and salad.
Californians have massive household sizes on average, lots of lavish luxury and many of the newer suburbs have absolutely massive houses also.
California's Inland Empire is the most materialistic region in the United States of America I have ever seen.
The Inland Empire is not even that wealthy and yet the vast majority of residents like to emulate celebrity lifestyles with their off-the charts flashiness lifestyle.
I have not been to Oklahoma but it obviously less than half as materialistic as Colorado and California
I have been to West Virginia and it seemed very non-materialistic. Weirton and Wheeling seemed to have mainly well-built 3 bedroom mid-century homes and some older rowhomes and the cars people were driving were good enough to go from one place to another.
Makes sense because California, Colorado and Washington economically had a massive surge over the last decade.
The nation's king of debt out of the 50 states is Colorado with per-capita Consumer debt of $147,465
Washington is #2 at $144,138 and California is #3 at 143,909 per-consumer
Oklahoma at just over $70,000 and West Virginia at just over $61,000 are the lowest.
Colorado and California are the world leaders where materialism is supreme and a vast majority loves to have a no concessions celebrity lifestyle.
Not a surprise at all, Colorado is a state of massive McMansions, luxury cars and many restaurants charge $20 or more for soup and salad.
Californians have massive household sizes on average, lots of lavish luxury and many of the newer suburbs have absolutely massive houses also.
California's Inland Empire is the most materialistic region in the United States of America I have ever seen.
The Inland Empire is not even that wealthy and yet the vast majority of residents like to emulate celebrity lifestyles with their off-the charts flashiness lifestyle.
I have not been to Oklahoma but it obviously less than half as materialistic as Colorado and California
I have been to West Virginia and it seemed very non-materialistic. Weirton and Wheeling seemed to have mainly well-built 3 bedroom mid-century homes and some older rowhomes and the cars people were driving were good enough to go from one place to another.
You keep posting these silly threads. Where homes are more expensive there is more consumer debt. That is all this means. Nothing to do with being materialistic. I live in Oklahoma and grew up in California. The wealthy neighborhoods in OKC and Tulsa have the McMansions and people there are just as materialistic as those in California. They just get a bigger house for the same money. In fact some of them are from California.
Look at net worth per family and the states at the top of consumer debt are at the top of net worth also. And those with the lowest debt how the lowest net worth:
I could buy a home in Oklahoma or West Virginia for what a downpayment on an average home in Colorado, California, or my home state of Massachusetts costs. The cost of living is a problem - I say that as someone who has been trying to position myself to be a first time homebuyer for 5 years - but it's not like mortgages are credit card debt.
Since the data includes mortgages, it's pretty meaningless. I'd be more interested in the stats on unsecured debt (credit cards), secured debts with depreciating assets as collateral (cars), and secured debt with appreciating collateral (houses).
A mortgage, especially if it carries a low interest rate, is a good thing. Also, spreading mortgage debt across household that rent skews the numbers wildly. It seems like the crafters of the article have an agenda.
Because many people. mostly younger people from what I've seen, are living at the limit of their income and inflation has come in and socked us all, to maintain the lifestyle, they have opted to run up debt. You can live on borrowed money for awhile.
I read through the data, and this is not a red state versus blue state thing as much as people having to deal with inflation, which to some degree has been caused by our government and especially Democrats.
Agreed. NY state has relatively low consumer debt, while Utah is on the higher end.
There are many factors more important than politics as to why people carry debt. Housing prices are a huge factor.
An interesting observation but it's meaningless without knowing incomes. I would expect the blue states (as you call them) with higher incomes would have higher debt. People bought houses that they could afford to make payments on, based on their income.
From your linked article, the average credit scores are listed. California, Colorado and Washington are at 24, 13, and 3 on the list of highest credit scores, so apparently they are able to pay their debts. Compare that to the bottom 5 which are Oklahoma, Texas, Alabama, Louisiana and Mississippi, all with a statewide average credit score in the 600's. Ouch.
Personally, I try to avoid debt, but if I were I would want to be in a state where I can make the most money to pay back the debt. Would not want to be surrounded by people who can't pay their debt.
Yes, they're doing so well. West Virginia is losing population and is #2 in % of population receiving welfare, Oklahoma is 5th. People in those states also have very little to no equity in their homes. It's sad what's happening there but let's not pretend it's something it isn't.
The Feds shut down the coal industry, which is why West Virginia is in tough shape financially...not their fault.
The Feds decided to harm Americans in West Virginia, while China mines & burns more coal than we ever did. So, they are hurting Americans, & helping the Chinese by allowing Americans to buy all the goods the Chinese produce with coal...so, DC says Chinese coal good....West Virginia coal bad.
If you look at public debt, there are 13 Lib states with more state debt-per-capita than West Virginia:
So far as Cali, Washington & Colorado residents being deep in debt, I'm glad its them and not me. I've been debt free for years, & will never pay for loan interest again.
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Just an awful place to live thanks to leftist politicians and sky high cost of living.
