We all know the political stereotype – Republicans are supposedly the party of the wealthy, and Democrats are the party of the less economically advantaged (outside of Hollywood). How does this stereotype hold up with respect to credit scores and outstanding credit card balances?
A recent study by LendingTree provides some answers. Using the definition of states as Republican "red" or Democratic "blue" based on their voting in the 2016 general election, blue states have higher credit scores along with higher average credit card debt.
Blue state residents hold $6,702 in credit card debt on average, led by Connecticut's $8,857, spread across an average of 3.5 cards. The average credit score in blue states was 681 on the VantageScore 3.0 scoring system, with California, Hawaii, and the District of Columbia tying for the highest credit score at 694. DC represents an anomaly in that it has one of the lowest average debts (41st) while having the highest credit score – ...
from MoneyTips https://www.moneytips.com/how-democrats-and-republicans-compare-in-the-battle-for-credit/571
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