More proof that Alaska's economy is largely insulated from national trends at the moment: new data from Transunion show that Alaskans as of the second quarter of 2011 carried the highest average credit card debt, but still managed the lowest delinquency rate, defined as the rate of borrowers 90 days or more past due. To top it off Alaska had the second-highest year-over-year decline in its delinquency rate, from 0.73 percent to 0.39%.
Alaskans carried an average credit card debt of $6,926, significantly higher than the next most-indebted state, North Carolina at $5,433. From the press release: "The national credit card delinquency rate (the rate of borrowers 90 or more days past due) decreased for the sixth consecutive quarter, dropping to 0.6% at the end of the second quarter in 2011. This is the lowest mark observed in 17 years. Credit card debt per borrower increased $20 in the quarter to $4,699, though it remains near record-low levels."
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