5. Alaska
Alaska has the highest credit card debt in the nation at a whopping $5,868, according to CreditCards.com. With such debt looming, it makes sense residents in the Frontier State would be heavily reliant on guaranteed income, such as Social Security. Once that average $1,195 per month check is allocated to food, health care, and housing, there’s likely to be little left over for living an enriched life during retirement.
Next: Maryland residents don’t manage money well.
