Utah’s Most IN DEBT County is…
There's nothing better than trying to find someone who is more in debt than you are.
That's today's exercise.
Utah gets a lot of bad pub for being one of the most in debt states per household in the country.
That article comes out every year and Utah is usually at or near the top.
Today we're looking at this from the county level.
According to the Federal Reserve website (federalreserve.gov), the most in debt county in Utah is...
Morgan!
Morgan is highlighted. The counties in the light blue are the least in debt and the ones in the darker red colors are the most in debt.
Debt to Income ratio top 3:
1. Morgan 6.212:1
2. Tooele 5.450:1
3. Wasatch 5.263:1
Others of interest
Washington county is doing just fine at a meager 2.788:1 ratio!
Salt Lake County is 1.254:1
Utah County is 2.862:1
The state average is 1.881 (which is the highest in the country).
According to The Salt Lake Tribune (Salt Lake Tribune article):
"Utah does have one of the highest average household debts in the country — and that number has been growing.
Average personal debt in Utah grew 119% between the end of 2003 and the end of 2022, according to data from the Federal Reserve.
It also grew 54.8% over a decade — between 2012 and 2022 — and increased 12.5% since 2019 and 10.2% since 2021.
The most overall growth has been in student loan debt, which increased 441% from 2003 to 2022 despite a 3% decrease between the end of 2021 and 2022." (link to article)
Debt is overrated. We're all gonna be dead in 40 years anyway.
What do you think?
Most Expensive House For Sale in Utah Is Gorgeous
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