Georgia – With Americans owing collectively over $17.9 trillion in the third quarter of 2024, household debt in the United States has reached unprecedented heights. For Georgia, the figures serve as a sobering reminder of the financial strains families across the nation experience. With $135,674 in debt, the average Georgian household reflects a little rise but still ranks the state in the middle of all the states.
Recent WalletHub data shows that third quarter 2024 Georgians added an average of $577 in debt. Georgia ranks 25th in the country for household debt increase with this modest rise. Although not driving the charge in debt creation, the numbers show the increasing financial responsibilities households are bearing in a time of increasing expenses and economic instability.
In Georgia, the average household debt of $135,674 comes from mortgages, auto loans, credit card liabilities, and student loans among other places. Compared to states with more significant upticks, such Hawaii, California, and Colorado, the state’s middle of the debt increase rankings point to more stable financial situations…