Nebraska Debt Relief Guide
Sandwiched between the Great Plains and the Midwest is the state of Nebraska. A strong economy and a low cost of living draw people in to the Cornhusker State. And it’s not surprising. At the end of 2021 while other states struggled, Nebraska boasted the lowest unemployment rate (1.9%) in the United States.
Still, even though unemployment rates and cost of living are low, the average Nebraskan has an average credit card balance of $4,819.
“Nebraskans have fared better than many during the pandemic, but residents are still getting hit with rising prices like the rest of the country,” says Gary Herman, President of Consolidated Credit. “And economic stability often means consumers get comfortable carrying credit card debt. I think that combination is why we’re seeing credit card balances rise in the state. But even if you’re stable, credit card debt isn’t good for your finances. You need to find a solution to pay it off.”