Nevadans saddled with large amount of debt
By Jeanne Sahadi, CNN Money
NEW YORK — Americans have a debt problem.
An estimated 1 in 3 adults with a credit history — or 77 million people — are so far behind on some of their debt payments that their account has been put “in collections.”
That’s a key finding from an Urban Institute study.
It examined non-mortgage debt, including credit card bills, car loans, medical bills, child support payments and even parking tickets.
The debt in collections ranged from as little as $25 to a whopping $125,000. But the average amount owed was $5,200.
Geographically, no area of the country is untouched.
Among the states, Nevada had the highest percentage of residents with debt in collections — 47 percent — as well as the highest average amount owed — $7,198. That was helped in part by the Las Vegas metro area, where 49 percent of residents had debt in collections.