The City in Each State With the Most Debt

The total state debt owned by the 50 states was $1.15 trillion, meaning we would each need to pay at least $3,582 at one time to get all 50 states out of debt. Want to see how your state ranks among the rest? Take a read through our list of states with the most debt, ranked.

With all the talk about the federal debt that has been happening lately, we thought we would break it down for you. The federal debt is the total amount of money that the federal government owes, either to its investors (both foreign and domestic) or to itself. At the end of 2019, the United States federal debt was approximately $22.8 trillion.

But then we thought we’d take it a bit further and break down the state’s debts. State debt refers to any debt owned by a state government. Debt includes any financial obligations a state has that have not been paid. This includes but is not limited to: bonds issued by state governments, money borrowed by a state government that has not been repaid, or post-retirement benefits promised to state employees.

The debt per capita refers to the amount that each citizen would need to pay at one time in order to get their state out of debt, all at once. The total state debt owned by the 50 states was $1.15 trillion, meaning we would each need to pay at least $3,582 at one time to get all 50 states out of debt.

Want to see how your state ranks among the rest? Take a read through our list of states with the most debt, ranked.

**These numbers were taken from the latest Census Bureau data available

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