Alaska Debt Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

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Alaska Debt Statistics 2023: Facts about Debt in Alaska reflect the current socio-economic condition of the state.

alaska

LLCBuddy editorial team did hours of research, collected all important statistics on Alaska Debt, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start an Alaska LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will Alaska Debt Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any word.

Top Alaska Debt Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 20 Alaska Debt Statistics on this page 🙂

Alaska “Latest” Debt Statistics

  • Alaska Air Group ended the quarter within a goal range of 40% to 50%, with a debt to capitalization ratio of 50%.[1]
  • According to TransUnion, the average unsecured personal loan amount in June 2022 was $7,860, up from $7,273 in June 2021.[2]
  • According to SNA’s 2019 School Nutrition Trends report, 75% of districts have outstanding food debt, and the sum owed has significantly increased in previous years.[3]
  • Total household debt increased by $351 billion, or 2.2%, in the third quarter of 2022 to reach $16.51 trillion.[4]
  • Less than 10% of defendants in debt collection actions from 2010 to 2019 had legal representation, compared to virtually all plaintiffs, according to research on cases from 2010 to 2019.[5]
  • The average Alaskan has $8,068 in personal debt, plus $223,430 of mortgage debt per capita.[6]
  • According to the 2019 Experian Consumer Credit Review, Alaskans have the highest credit card balance, on average $8,026.[7]
  • NCSC’s 2015 report remains the only national study of debt claims from the past 10 years, and despite a sample size of more than 925,000 cases from 152 courts in 10 urban counties, that study examined just 5% of state civil caseloads nationally.[5]
  • Loans sometimes have interest rates of nearly 40%, making it simple to fall short when it comes time to repay, leading to a swift and hazardous debt cycle.[8]
  • Alaska’s District Court, which tries all civil matters in the state for values of $100,000 or less, heard 48% more debt claims in fiscal year 2018 than 2013.[8]
  • According to Fool, in 2022, 4% of Alaska population has a collection of medical debt, with a median value of $456 dollars.[2]
  • Alaska residents have an open credit card balance of $8,516 and 46% of residents have a student loan, the average amount of which is $25,682.[6]

Alaska “House” Debt Statistics

  • Filing for bankruptcy will hurt a credit score for the next 7-to-10 years, which likely hurt your chances of getting a loan to buy a home or vehicle.[9]

Alaska “Other” Debt Statistics

  • The Alaska Permanent Fund Dividend (PFD) has provided UBI averaging $6600 US (2015) dollars for a family of four since 1982.[10]
  • According to SNA surveys, 54% of school lunch programs reported a financial loss in the school year 2019–2020, 38% experienced a net loss in the school year 2020–2021, and another 12% were unclear about losses.[3]
  • According to statistics from the Alaska permanent fund dividend division, more than 90% of the state’s residents regularly receive PFD payments each year.[10]
  • According to 2021 data, Alaska is the safest state in the country for identity theft.[9]
  • Kansas are 10 times more likely to become victims of identity theft than Alaska residents.[9]
  • The NCSC discovered that, from 1992 to 2013, the percentage of defendants in general jurisdiction proceedings who had legal counsel fell substantially, from 97% to 46%.[5]
  • Debt claims were the most common type of civil case in nine of the 12 states for which at least some court data were available—Alaska, Arkansas, Colorado, Missouri, Nevada, New Mexico, Texas, Utah, and Virginia.[5]

Also Read

Reference

  1. alaskaair – https://investor.alaskaair.com/news-releases/news-release-details/alaska-air-group-reports-first-quarter-2022-results
  2. fool – https://www.fool.com/the-ascent/research/average-american-household-debt/
  3. schoolnutrition – https://schoolnutrition.org/aboutschoolmeals/schoolmealtrendsstats/
  4. newyorkfed – https://www.newyorkfed.org/microeconomics/hhdc/background.html
  5. pewtrusts – https://www.pewtrusts.org/en/research-and-analysis/reports/2020/05/how-debt-collectors-are-transforming-the-business-of-state-courts
  6. mycreditsummit – https://www.mycreditsummit.com/debt-consolidation/alaska/
  7. cnbc – https://www.cnbc.com/select/average-credit-card-balance-by-state/
  8. lendingtree – https://www.lendingtree.com/debt-relief/alaska/
  9. incharge – https://www.incharge.org/debt-relief/credit-counseling/alaska/
  10. sciencedirect – https://www.sciencedirect.com/science/article/pii/S0305750X1830024X

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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