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


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

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

Vermont Debt “Latest” Statistics

  • According to InCharge, the average mortgage debt was $172,919 in 2020, making Vermont one of the few states in the Northeast that is lower than the national average of $229,242.[1]
  • According to Education Data Initiative, $2.9 billion in student loan debt belongs to Vermont residents.[2]
  • The average student loan debt in Vermont is $37,516, and 57.1% of them are under the age of 35.[2]
  • 57% of Vermont borrowers have federal student loan debt of $100,000 or more, and it doesn’t include those who have private loans.[3]
  • From 2020 to 2021, total consumer debt balances climbed by 5.4%, or $772 billion, to reach $15.31 trillion, more than double the 2.7% growth that occurred from 2019 to 2020.[4]
  • According to Experian, consumer debt balances increased by 5.4% in Q3 2021 to $15.31 trillion, a $772 billion increase from 2020.[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 the cases from 2010 to 2019.[5]
  • According to Stacker, the nationwide total average auto loan balance per capita has increased from $2,960 to $5,210, an increase of around 76% since 2023.[6]
  • In the fourth quarter of 2021, 4% of all auto debt balances in the country were over 90 days delinquent.[6]
  • In the last ten years, courts have settled more than 70% of debt collection cases with default judgments in favor of the plaintiff.[5]
  • In Vermont, the average auto loan debt was $16,972, which was about $2,500 less than the national average.[1]
  • The average card debt for Vermonters in 2020 was $4,653.[1]
  • In 2020, with an average of $38,411, Vermont had the seventh-highest student loan debt in the US.[1]

Vermont Debt “Other” Statistics

  • Vermont students’ average federal and private student loan amount is $35,276 dollars, which is 4% less than the US average of $36,689.[3]
  • 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.[5]
  • According to US News, at University of Vermont, the median federal loan debt among borrowers who completed their undergraduate degree is $21,111.[5]
  • The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $211.[5]
  • 17% of graduating students at University of Vermont took out private loans, according to US News.[5]
  • At graduation, University of Vermont students with private loans had an average of $47,306 in private loan debt.[5]
  • According to the publication entitled, “Assessing bad debt in New Hampshire and Vermont office-based practices”, in conclusion, bad debt accounts for a 16% loss from total earnings from regular office visits.[5]

Also Read

How Useful is Vermont Debt

But how useful is Vermont debt, and at what point does it become too burdensome? It’s a complex question with no easy answer. Proponents argue that debt allows the state to invest in essential services and make long-term improvements, while critics caution against over-reliance on borrowing and the potential consequences of debt accumulation.

Those in favor of Vermont debt point to the myriad benefits it provides to the state and its residents. By borrowing money, the government can finance critical infrastructure projects, such as roads, bridges, and public transportation systems. These investments not only create jobs and stimulate economic growth but also improve the quality of life for Vermonters by ensuring safe and efficient transportation options.

Debt also enables Vermont to fund essential social programs and services, such as healthcare, education, and affordable housing. These programs are vital in ensuring that all residents have access to resources that promote health, well-being, and economic opportunity. Without debt, the state would be unable to provide the same level of support to those in need.

Moreover, debt allows Vermont to respond to emergencies and unforeseen events, such as natural disasters or public health crises. In times of crisis, the government must have the financial flexibility to act quickly and decisively to protect its citizens and mitigate the impact of disasters. Borrowing money can provide the necessary resources to respond effectively in emergencies without straining existing budgets.

On the other hand, detractors of Vermont debt raise valid concerns about the risks associated with excessive borrowing. High levels of debt can lead to financial instability, making it more challenging for the state to meet its obligations and maintain essential services. Additionally, mounting debt can place a significant burden on future generations, who may be left to deal with the consequences of unsustainable borrowing.

Critics also warn of the potential for debt to crowd out other important priorities, such as investing in education, healthcare, and environmental protection. As debt service obligations consume a larger share of the budget, there may be less funding available for critical programs that support the overall well-being of Vermont residents.

In weighing the pros and cons of Vermont debt, it is essential to strike a balance that allows the state to make necessary investments while also safeguarding its financial health and future prosperity. Debt can be a useful tool when used wisely and responsibly, but it must be managed prudently to avoid negative consequences.

Ultimately, the usefulness of Vermont debt depends on how it is utilized and managed. By carefully evaluating the costs and benefits of borrowing, policymakers can ensure that debt remains a valuable resource for promoting economic growth, supporting critical services, and responding to emergencies. Vigilant oversight and strategic planning are essential to maximize the benefits of debt while minimizing its risks.


  1. incharge –
  2. educationdata –
  3. studentloanhero –
  4. experian –
  5. pewtrusts –
  6. stacker –

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