Money

Mapping Credit Card Delinquency Rates in the U.S. by State

Published

2 months ago

March 4, 2024

Marcus Lu

Article/Editing:

Omri Wallach

See this visualization first on the Voronoi app.

Credit Card Delinquency Rates in the U.S. by State

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Credit card debt carries a hefty bill in America, and falling behind on payments can be extremely costly for cardholders.

This graphic shows credit card delinquency rates across 50 U.S. states, as of Q3 2023. This data comes from a WalletHub study published in January 2024.

Which States Have the Lowest and Highest Delinquency Rates?

Credit card delinquency is when a cardholder falls behind on required monthly payments. Credit agencies are often notified after two months of delinquent payments.

WalletHub examined proprietary user data on the average number of delinquent credit card tradelines—also known as credit accounts—across states. Here they are from lowest to highest:

Rank	State	Share of Credit Card Tradelines Delinquent (%)
1	Iowa	12.9
2	Massachusetts	13.9
3	Hawaii	13.9
4	Rhode Island	14.7
5	Washington	14.7
6	Florida	14.8
7	New York	14.9
8	California	15.1
9	New Hampshire	15.5
10	Alaska	15.6
11	New Jersey	15.6
12	Colorado	15.7
13	Utah	15.8
14	Vermont	16.1
15	Montana	16.1
16	Illinois	16.5
17	Oregon	16.6
18	Idaho	17.0
19	Ohio	17.5
20	Connecticut	17.8
21	Maine	18.0
22	Nebraska	18.1
23	Wyoming	18.1
24	Maryland	18.4
25	Kansas	18.4
26	Wisconsin	18.5
27	Virginia	18.7
28	Nevada	19.1
29	South Dakota	19.3
30	Arizona	19.8
31	Minnesota	19.8
32	Pennsylvania	20.2
33	Michigan	20.9
34	North Dakota	21.3
35	Delaware	21.4
36	Missouri	22.4
37	New Mexico	22.6
38	Georgia	23.1
39	North Carolina	24.0
40	Indiana	24.3
41	Texas	24.7
42	West Virginia	25.2
43	Tennessee	26.2
44	South Carolina	26.9
45	Kentucky	27.6
46	Oklahoma	28.2
47	Arkansas	30.1
48	Alabama	30.5
49	Louisiana	31.7
50	Mississippi	39.1

No state had credit delinquency rates of less than 10%, with Iowa coming the closest at 12.9%.

That puts Iowa ahead of wealthier states like Massachusetts (13.9%), Washington (14.7%), and New Hampshire (15.5%).

At the bottom end was Mississippi, which had 39% credit delinquency rates to end 2023. That’s well ahead of the next-lowest states Louisiana (31.7%) and Alabama (30.5%).

It’s notable that the American South had higher rates of delinquency almost across the board. The five states with the highest rates of credit card delinquency are all located in the southeastern region of the country, and Texas had a higher delinquency rate (25%) than other majorly populated states like Florida (14.8%) and New York (14.9%).

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Money

Charted: Which City Has the Most Billionaires in 2024?

Just two countries account for half of the top 20 cities with the most billionaires. And the majority of the other half are found in Asia.

Published

1 day ago

April 25, 2024

Pallavi Rao

A cropped bar chart ranking the top 20 cities with the most billionaires in 2024.

Charted: Which Country Has the Most Billionaires in 2024?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Some cities seem to attract the rich. Take New York City for example, which has 340,000 high-net-worth residents with investable assets of more than $1 million.

But there’s a vast difference between being a millionaire and a billionaire. So where do the richest of them all live?

Using data from the Hurun Global Rich List 2024, we rank the top 20 cities with the highest number of billionaires in 2024.

A caveat to these rich lists: sources often vary on figures and exact rankings. For example, in last year’s reports, Forbes had New York as the city with the most billionaires, while the Hurun Global Rich List placed Beijing at the top spot.

Ranked: Top 20 Cities with the Most Billionaires in 2024

The Chinese economy’s doldrums over the course of the past year have affected its ultra-wealthy residents in key cities.

Beijing, the city with the most billionaires in 2023, has not only ceded its spot to New York, but has dropped to #4, overtaken by London and Mumbai.

Rank	City	Billionaires	Rank Change YoY
1	🇺🇸 New York	119	+1
2	🇬🇧 London	97	+3
3	🇮🇳 Mumbai	92	+4
4	🇨🇳 Beijing	91	-3
5	🇨🇳 Shanghai	87	-2
6	🇨🇳 Shenzhen	84	-2
7	🇭🇰 Hong Kong	65	-1
8	🇷🇺 Moscow	59	No Change
9	🇮🇳 New Delhi	57	+6
10	🇺🇸 San Francisco	52	No Change
11	🇹🇭 Bangkok	49	+2
12	🇹🇼 Taipei	45	+2
13	🇫🇷 Paris	44	-2
14	🇨🇳 Hangzhou	43	-5
15	🇸🇬 Singapore	42	New to Top 20
16	🇨🇳 Guangzhou	39	-4
17T	🇮🇩 Jakarta	37	+1
17T	🇧🇷 Sao Paulo	37	No Change
19T	🇺🇸 Los Angeles	31	No Change
19T	🇰🇷 Seoul	31	-3

In fact all Chinese cities on the top 20 list have lost billionaires between 2023–24. Consequently, they’ve all lost ranking spots as well, with Hangzhou seeing the biggest slide (-5) in the top 20.

Where China lost, all other Asian cities—except Seoul—in the top 20 have gained ranks. Indian cities lead the way, with New Delhi (+6) and Mumbai (+3) having climbed the most.

At a country level, China and the U.S combine to make up half of the cities in the top 20. They are also home to about half of the world’s 3,200 billionaire population.

In other news of note: Hurun officially counts Taylor Swift as a billionaire, estimating her net worth at $1.2 billion.