Indiana Debt Relief Guide
Boasting one of the lowest unemployment rates in the Midwest (4.5%), the “Hoosier State” has excelled at creating new employment opportunities for residents. The Indiana SBDC Agribusiness Initiative aims to help farmers grow and expand their businesses, which contributes $31.2 billion to the state’s economy every year. Though this has unfortunately not helped with the real estate market, which has seen a 17.5% jump in sale price since the last year.
“Inflation has had a big impact on Indiana’s economy,” says Gary Herman, President of Consolidated Credit. “Consumer inflation has jumped by 7.9%, the sharpest spike since 1982. This could be indicative of higher prices to come, so sticking to a budget and minimizing things like credit card debt are crucial, especially for anyone looking to buy a home.”