Nebraska Debt Statistics

Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

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


LLCBuddy editorial team did hours of research, collected all important statistics on Nebraska 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 a Nebraska 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 Nebraska 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 Nebraska Debt Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 12 Nebraska Debt Statistics on this page 🙂

Nebraska Debt “Latest” Statistics

  • According to Education Data Initiative, in Nebraska, the student loan debt is $7.9 billion.[1]
  • There are 247,500 student borrowers that live in Nebraska, and the average student loan debt is $31,919.[1]
  • According to Credit Summit, the average Nebraskan has $1,032 in personal debt, plus $139,626 of mortgage debt for homeowners.[2]
  • Nebraska residents carry a credit card balance of $5,845 and 54% of Nebraskans have student loan debt of $25,750.[2]
  • 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 the cases from 2010 to 2019.[3]
  • In the last ten years, courts have settled more than 70% of debt collection cases with default judgments in favor of the plaintiff.[3]
  • According to Consolidated Credit, the average Nebraskan has an average credit card balance of $4,819.[4]

Nebraska Debt “Other” Statistics

  • According to Consolidated Credit, the total household debt of Nebraska is $42,139.[4]
  • According to Forbes, the Nebraska Law class of 2019 had the lowest median debt in the nation.[5]
  • Debt collection lawsuits occupied an increasing percentage of civil dockets from an estimated 1 in 9 civil cases to 1 in 4 from 1993 to 2013, more than doubling from less than 1.7 million to nearly 4 million.[3]
  • 75% of civil case judgments were for less than $5,200, which means that in most states, debt claims are typically filed in a limited or small claims court.[3]
  • According to Pew, civil caseloads dropped more than 18 percent from 2009 to 2017.[3]

Also Read

How Useful is Nebraska Debt

Debt can be a useful tool when managed properly. For individuals and businesses alike, borrowing money can provide the necessary capital to make investments in education, real estate, or infrastructure that can lead to future financial growth. Whether it is taking out a loan to start a business or using a credit card to make essential purchases during a temporary cash flow shortage, debt can allow individuals and businesses to achieve their long-term financial goals.

In the case of the state of Nebraska, debt can also be used to finance important public projects and initiatives that benefit the entire community. Infrastructure projects, such as road construction and maintenance, rely on borrowed funds to cover the upfront costs that would otherwise be too expensive for the state to finance through annual budgets. By taking on debt, Nebraska can invest in its future by providing citizens with reliable infrastructure and public services that can enhance the overall quality of life in the state.

While debt can be a useful tool, it is also essential to recognize the potential risks and drawbacks that come with borrowing money. High levels of debt can lead to financial strain if not managed carefully, as interest payments can accumulate over time and become unsustainable. In the case of Nebraska, accumulating too much debt could lead to budgetary constraints that limit the state’s ability to fund essential services and programs.

Additionally, relying too heavily on debt can leave individuals and businesses vulnerable to economic downturns or unexpected financial challenges. When debt levels are high, individuals may struggle to make payments during difficult times, leading to further financial stress and potentially damaging credit scores. Similarly, businesses that rely on debt to finance operations may find themselves in a precarious position if revenues decline or market conditions change unexpectedly.

In conclusion, the usefulness of debt in Nebraska, like in many other states, depends on how it is used and managed. Debt can be a useful tool for achieving financial goals and funding important public projects, but it also comes with potential risks and consequences that must be carefully considered. By striking a balance between borrowing to invest in the future and managing debt levels responsibly, Nebraska can use debt as a tool for economic growth and development while minimizing the potential negative impacts that can come with excessive borrowing.


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  3. pewtrusts –
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