The only thing worse than ranking behind Arkansas in something is ranking behind California in something. Utah has a lot to be proud of like being the home of the first KFC franchise, our national parks, and having a back-to-back PAC 12 conference champion in football.

But when it comes to debt, Utah's got a little bit of a problem.

According to the Cultural Currents Institute, Utah ranks dead last in debt to income ratio.

"To get a picture of household debt in the United States, the fintech PR firm CCI analyzed household debt relative to the average salary of each state. By dividing the average debt by the average salary, we calculated a Debt-to-Salary (DTS) ratio. This number gives us a proportional view of household debt by geography.

By this measure, Utah households are the most indebted in the nation. The average Beehive State household owes 138% of the state's average annual salary. They are followed closely by Arkansas, Hawaii, Alabama, and Colorado. The least indebted state is Arizona (owing just 67% of the average annual salary), followed by Alaska, West Virginia, New York, and Oklahoma."

Ok so I don't know anything about finance (I currently have more value in Arby's loyalty rewards than my checking account), but I don't think this is good. The state with the most absolute debt is Colorado...

"Averaging $89,170 per household). Colorado is followed by California, Hawaii, Washington, Maryland, and Utah. Similarly, the lest indebted states in absolute terms are West Virginia ($34,210), Mississippi, Arizona, Oklahoma, and Kentucky." (Full Article)

Coloradans in deep, deep debt. IC: Andy Thompson
Coloradans in deep, deep debt. IC: Andy Thompson

I don't know what to do. Can one liquidate Arby's loyalty points?

Causes of Credit Card Debt

Credit Card debt in America sits at a record $986 billion. And 35% of American adults carry some kind of credit card balance. Developing good financial habits, such as budgeting, saving, and understanding credit card terms, can help prevent or manage credit card debt effectively. It's important to note that each individual's situation is unique, and a combination of these factors or other personal circumstances can contribute to credit card debt. Here are some of those factors

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