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Panelists Ben Levisohn, Carleton English and Andrew Bary react to the jobs report on “Barron’s Roundtable.”

A new report by CreditCards.com reveals which states have the highest and lowest credit card debt burdens and where consumers may find it easier or more difficult to pay off that debt based on their earnings.

The report, released Tuesday, found that Mississippi ranked as the state where consumers have the highest average credit card debt burden relative to their income, whereas residents of Massachusetts had the lowest.

Those findings were based on an analysis by CreditCards.com of average credit card balances, average annual household income, months to pay off credit card balances, and total interest paid by households in various states.

"In comparing average credit card balances with average household incomes, this study seeks to determine where credit card debt is more and less difficult to pay off," said CreditCards.com Senior Industry Analyst Ted Rossman. "Mississippi, for example, has the sixth-lowest average credit card balance, which sounds pretty good. But it has the lowest average household income of any state. Comparatively speaking, that makes credit card debt much harder to pay off in the Magnolia State."

CREDIT CARD DEBT SET TO HIT $1T AS CHRONIC INFLATION CRUSHES AMERICANS

A report by CreditCards.com found that Mississippi was the state with the highest credit card debt burden when accounting for income while Massachusetts had the lowest. (Robert Nickelsberg/Getty Images / Getty Images)

"This contrasts with Washington, D.C., for example, where the average resident has about $1,500 more in credit card debt but an average household income that’s more than $70,000 higher," Rossman added.

In terms of the states with the heaviest credit card debt burdens relative to income, Mississippi ranked highest with an average balance of $4,972, an average annual household income of $68,048 and a 22-month payoff period.

FED PAUSE LIKELY WON’T HELP STRUGGLING CONSUMERS

Two other southern states and two from the mountain west ranked behind Mississippi:Oklahoma ranked second with an average credit card balance of $5,491, compared to a $75,430 average annual household income for a 21-month payoff period.Louisiana ranked third with a balance of $5,429 and an average household income of $75,590 for a 21-month payoff period.New Mexico ranked fourth with an average balance of $5,398 compared to an annual household income of $76,989 which also amounted to a 21-month payoff period.Nevada ranked fifth with an average credit card balance of $6,175 and a household income of $89,961 for a 20-month payoff period.

Massachusetts fared the best in the CreditCards.com report, coming in with an average credit card balance of $5,633, compared to an average annual household income of $124,789 – which amounted to a 13-month payoff period based on the report’s assumption of 5% of monthly gross income being allocated to credit card debt.

NEW CREDIT CARD BILL TARGETING VISA-MASTER CARD ‘DUOPOLY’ TRIGGERS LOBBYING ONSLAUGHT

Americans’ aggregate credit card debt remained around an all-time high of $986 billion in the first quarter of 2023. (Thomas Cooper/Getty Images)

Washington, D.C., also had a 13-month payoff period based on an average credit card balance of $6,519, compared to an average household income of $138,856 per year. Though it is a district and not a state, it ranked second when included with the 50 states.

The three states that rounded out the top five areas with the lowest credit card burdens relative to income each had a 14-month payoff period and ranked as follows:Minnesota ranked third with an average credit card balance of $5,197 versus an annual household income of $103,305.New Hampshire ranked fourth with an average balance of $5,712 and an annual household income of $111,908.California came in fifth with an average credit card balance of $6,038 versus an average household income of $120,953.

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The report comes after the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit released in May found that Americans’ aggregate credit card debt remained around an all-time high of $986 billion.

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Zilisch breaks collarbone in scary Victory Lane fall

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Zilisch breaks collarbone in scary Victory Lane fall

WATKINS GLEN, N.Y. — NASCAR Xfinity Series points leader Connor Zilisch broke his collarbone after a hard fall in Victory Lane at Watkins Glen International.

After his series-leading sixth victory, Zilisch was climbing onto the roof of his No. 88 Chevrolet to celebrate. He slipped after apparently getting his left foot caught in the driver’s side window netting and tumbled awkwardly onto the asphalt.

Zilisch, 19, was taken on a backboard to the trackside medical center and then transported to a hospital for further evaluation. He posted on X about two hours later that he had a broken collarbone and that CT scans showed no head injury.

“Thank you everybody for reaching out today,” Zilisch posted. “I’m out of the hospital and getting better already. Thankful for all the medics for quick attention and grateful it wasn’t any worse.”

Zilisch will not be available for the Cup race Sunday at Watkins Glen. After racing in the Truck and Xfinity Series the past two days at the road course, he was scheduled to complete a tripleheader by making his fourth Cup start this season for Trackhouse Racing.

The scary incident capped an eventful day for Zilisch, who drives for Dale Earnhardt Jr.’s JR Motorsports team.

After starting from the pole position, Zilisch wrecked teammate Shane van Gisbergen’s car while battling for the lead on Lap 65. After being bumped from the lead to fifth on a restart, Zilisch retook first and led the final four laps.

“He did such a great job of getting back through the field and getting the lead,” crew chief Mardy Lindley told SiriusXM NASCAR Radio after the race. “Praying for Connor right now that he’s OK. I think he’s going to be fine.”

Zilisch missed a race earlier this season at Texas Motor Speedway after suffering a back injury during a crash at Talladega Superspeedway. He has 11 consecutive top-five finishes and five wins since his return.

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Rivera tears Achilles during Old-Timers’ game

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Rivera tears Achilles during Old-Timers' game

NEW YORK — Hall of Famer Mariano Rivera tore an Achilles tendon while going after a fly ball at the New York Yankees‘ Old-Timers’ Day game on Saturday and needs surgery.

Agent Fern Cuza said the 55-year-old closer, baseball’s career leader in saves, will have the operation within a week.

In his lone at-bat, Rivera singled off former teammate Andy Pettitte and easily ran to first base. During an at-bat by Willie Randolph, Rivera took a step and fell to the ground in shallow center field behind second base.

The Yankees restored the Old-Timers’ Day game for the first time since 2019.

“It was a fun day until we heard about Mariano. Mariano hurt his Achilles,” seven-time Cy Young Award winner Roger Clemens told WFAN broadcaster Suzyn Waldman. “I don’t know what was going on. We all thought it was a hamstring, but I think it’s a little worse than that. I think he’s at the hospital now. Unbelievable.”

Rivera was the second player to get hurt in the event since 2017. Eight years ago, former outfielder and current YES Network analyst Paul O’Neill strained a calf running to first base.

Rivera tore the ACL in his right knee in May 2012 while shagging fly balls in batting practice in Kansas City. He returned for his final season in 2013 and finished as baseball’s career saves leader with 652 and posted 42 postseason saves.

In 2019, the 13-time All-Star became the first player unanimously inducted into the Hall of Fame by getting all 425 votes in balloting conducted by the Baseball Writers’ Association of America. He helped the Yankees win five World Series titles and seven American League pennants.

Rivera was playing in the Old-Timers’ game for the second time. He hit an inside-the-park homer in 2019.

The event commemorated the 25th anniversary of the 2000 championship team, the last team to win three straight World Series titles. Clemens was a first-time attendee at the event, which had captain Derek Jeter give a short video message when he was introduced following Rivera.

Before the event, Rivera said he intended to speak with struggling reliever Devin Williams, who allowed three runs in the 10th inning Friday. He has allowed nine runs in his last five appearances and 28 earned runs this year, two more than 2022-24 combined.

“Can’t do nothing about it,” Rivera said Saturday morning. “Once it’s done, it’s done. Just learn from it, move on and be confident. You have to be confident in yourself. If you’re not confident in yourself, you’re playing the wrong sport.”

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Alonso equals Strawberry’s Mets career HR mark

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Alonso equals Strawberry's Mets career HR mark

MILWAUKEE — Pete Alonso hit his 252nd career home run Saturday night, tying the New York Mets record held by Darryl Strawberry for 37 years.

Alonso, 30, connected against Milwaukee Brewers starter Tobias Myers to lead off the second inning for his 26th homer this season, giving the Mets a 1-0 lead in a game they would go on to lose, 7-4. The 413-foot shot to left-center came on a 1-2 fastball at the top of the strike zone.

It was Alonso’s fourth homer in eight games, since he went deep Aug. 1 against San Francisco to end an 0-for-19 slump.

A homegrown star drafted by the Mets in 2016, Alonso broke into the big leagues with a bang in 2019, hitting 53 home runs to set a major league rookie record and establish a franchise high for a single season.

The five-time All-Star has reached 40 two other times and been one of the most consistent sluggers in baseball since his arrival. After a protracted negotiation, he returned to the Mets as a free agent in February on a two-year, $54 million contract that includes a $24 million player option for 2026, which Alonso will likely decline.

The only other active players who lead their current franchise in home runs are Manny Machado (Padres) and Mike Trout (Angels).

Giancarlo Stanton, now with the New York Yankees, holds the Miami mark with 267 for the Marlins.

Strawberry broke the previous Mets record with his 155th home run on May 3, 1988, passing Dave Kingman. Strawberry hit 252 in 1,109 games for New York during his first eight major league seasons from 1983 to 1990. He later played for the Dodgers, Giants and Yankees, finishing his 17-year career with 335 homers.

Alonso played his 963rd game Saturday night. The durable first baseman has appeared in 370 straight, a team record.

The Diamondbacks and Padres are the lone major league clubs that haven’t had a player hit more than 252 homers for them. Luis Gonzalez holds the Arizona record with 224, and Machado entered Saturday with 187 for San Diego.

Information from The Associated Press was used in this report.

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