I saw a piece on personal debt burden rankings by state on the news this morning. I then heard about it again on Docuticker, a great blog that focuses on reports from government agencies, ngo's, think tanks, and other similar organizations. This data got my attention because I live in the city with the highest debt burden per person-Seattle. Good old Rain City tops the list at $26,646 per person. Perhaps a good new slogan for the city could be "Seattle, We're Spendy".
As with all data, it's important to know where it comes from. This particular list is drawn from a consumer credit database owned by Experian Information Solutions. According to Hoover's Online (premium subscription, you may not see this in the free version), the are a global credit reporting company. Their databases contains 215 consumers and 15 million businesses.
In case you wanted another look at how much Americans owe, take a look at the U.S. National Debt Clock: Real Time.
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