Debt is a burden for many Americans, but data shows Louisiana residents may have a harder time paying off debt than those in other states.
Louisiana, Mississippi and Oklahoma are the top three states for having the most “debt burden,” according to a 2024 Bankrate survey.
The least debt burdened state is Massachusetts, according to Bankrate, with 13 months as the average time to pay off debt, followed by Minnesota, New Hampshire and California at 14 months.