It’s interesting that if you sort it by rank, you see that a lot of blue states are at the top of the list, seemingly meaning that blue states have more debt, however, that is only half the story. When you sort by the “Months to pay off”, then you see that blue states have a higher income to debt ratio, and it is the red states that are in trouble with their debt.
This is the actual analysis the infographic should present. The ratio of income to debt is more revealing. All of Alabama can be up to their eyes in debt and this would miss that fact simply because their average income is lower.
Simply having dollar figures means practically nothing other than for a few smooth-brained people to look at the state where they live, see a number that isn’t as much as they owe, and sigh that it could be worse.
It’d be interesting to see the debt as a percentage of average income for each state. I bet that’d make Alaska look even worse than it already looks.
This, and also mean income is trash in our 2024 world of dystopian wealth disparity. Even income has its limits as the .001% earn their money through non-wage means which may have been left out of the data set completely though hard to know.
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I guess I could do the math of average income and average debt to figure out the percentage, but that table doesn’t “literally” show it. Also, I meant a visualization. When dealing with 50 states and DC it’s easier to quickly see the disparities than sorting and scrolling a table.
