America, the land of opportunity, is facing a debt crisis. From mortgages to credit cards, Americans are drowning in debt. But what's driving this alarming trend? A recent report by Business Insider gathered data from Experian and the New York Federal Reserve Bank, to reveal a breakdown of the average debt consumers hold based on debt type, age, credit score, and home state. In this gallery, we're diving into the numbers, exploring the top debt culprits, namely the US states and the generations most affected. Plus, we go over tips on how to get a hold of your finances.
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