Here's How Much Debt Americans Will Have Due To the Coronavirus, by State

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As the coronavirus continues to spread in the U.S., more and more Americans will likely struggle to stay afloat financially. Millions already have lost jobs or been furloughed as businesses have been forced to temporarily close. And many self-employed workers and independent contractors have seen business dry up as a result of the COVID-19 pandemic.

Without paychecks to cover their bills and emergency funds to fall back on, Americans might turn to credit to stay afloat. As a result, household debt – which already had been steadily rising – could soar.

To get a sense of how bad the problem could get, GOBankingRates surveyed nearly 5,000 adults across the U.S. to find out how much debt they expect to take on due to the coronavirus pandemic.

Nationwide, about half of respondents said they expect to take on debt. However, that percentage varies greatly from state to state – as does the amount of debt respondents in each state expect to accrue. Find out how much debt residents in your state expect to rack up as a result of the coronavirus.

Alabama

$0: 58.14%
$1-$999: 14.73%
$1,000-$4,999: 15.50%
$5,000-$9,999: 3.88%
$10,000-$19,999: 2.33%
$20,000-$49,999: 2.33%
$50,000 or more: 3.10%

Exclusive: Americans’ Savings Drop to Lowest Point in Years

Alaska

$0: 30.00%
$1-$999: 30.00%
$1,000-$4,999: 10.00%
$5,000-$9,999: 10.00%
$10,000-$19,999: 10.00%
$20,000-$49,999: 0%
$50,000 or more: 10.00%

Important: Biden Wants To Shut Down Credit Bureaus – What Would That Mean for You?

Arizona

$0: 47.93%
$1-$999: 18.18%
$1,000-$4,999: 15.70%
$5,000-$9,999: 8.26%
$10,000-$19,999: 4.13%
$20,000-$49,999: 1.65%
$50,000 or more: 4.13%

Arkansas

$0: 60.87%
$1-$999: 17.39%
$1,000-$4,999: 17.39%
$5,000-$9,999: 0%
$10,000-$19,999: 0%
$20,000-$49,999: 0%
$50,000 or more: 4.35%

California

$0: 51.05%
$1-$999: 13.92%
$1,000-$4,999: 12.24%
$5,000-$9,999: 8.02%
$10,000-$19,999: 5.06%
$20,000-$49,999: 4.22%
$50,000 or more: 5.49%

Colorado

$0: 44.20%
$1-$999: 14.49%
$1,000-$4,999: 21.01%
$5,000-$9,999: 12.32%
$10,000-$19,999: 3.62%
$20,000-$49,999: 0.72%
$50,000 or more: 3.62%

Connecticut

$0: 50.00%
$1-$999: 6.67%
$1,000-$4,999: 13.33%
$5,000-$9,999: 10.00%
$10,000-$19,999: 10.00%
$20,000-$49,999: 3.33%
$50,000 or more: 6.67%

Delaware

$0: 29.17%
$1-$999: 16.67%
$1,000-$4,999: 20.83%
$5,000-$9,999: 0%
$10,000-$19,999: 12.50%
$20,000-$49,999: 8.33%
$50,000 or more: 12.50%

District of Columbia

$0: 47.83%
$1-$999: 30.43%
$1,000-$4,999: 8.70%
$5,000-$9,999: 4.35%
$10,000-$19,999: 0%
$20,000-$49,999: 4.35%
$50,000 or more: 4.35%

Florida

$0: 54.90%
$1-$999: 10.46%
$1,000-$4,999: 16.34%
$5,000-$9,999: 9.15%
$10,000-$19,999: 2.61%
$20,000-$49,999: 3.27%
$50,000 or more: 3.27%

Georgia

$0: 47.76%
$1-$999: 11.19%
$1,000-$4,999: 15.67%
$5,000-$9,999: 13.43%
$10,000-$19,999: 5.22%
$20,000-$49,999: 2.99%
$50,000 or more: 3.73%

Hawaii

$0: 44.00%
$1-$999: 20.00%
$1,000-$4,999: 12.00%
$5,000-$9,999: 8.00%
$10,000-$19,999: 4.00%
$20,000-$49,999: 0%
$50,000 or more: 12.00%

Idaho

$0: 50.88%
$1-$999: 21.05%
$1,000-$4,999: 8.77%
$5,000-$9,999: 10.53%
$10,000-$19,999: 1.75%
$20,000-$49,999: 1.75%
$50,000 or more: 5.26%

Illinois

$0: 52.68%
$1-$999: 15.63%
$1,000-$4,999: 16.07%
$5,000-$9,999: 5.36%
$10,000-$19,999: 4.46%
$20,000-$49,999: 4.91%
$50,000 or more: 0.89%

Indiana

$0: 50.63%
$1-$999: 15.00%
$1,000-$4,999: 13.13%
$5,000-$9,999: 10.00%
$10,000-$19,999: 3.75%
$20,000-$49,999: 3.13%
$50,000 or more: 4.38%

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Iowa

$0: 54.21%
$1-$999: 18.69%
$1,000-$4,999: 13.08%
$5,000-$9,999: 7.48%
$10,000-$19,999: 1.87%
$20,000-$49,999: 1.87%
$50,000 or more: 2.80%

Kansas

$0: 56.10%
$1-$999: 17.07%
$1,000-$4,999: 12.20%
$5,000-$9,999: 2.44%
$10,000-$19,999: 2.44%
$20,000-$49,999: 4.88%
$50,000 or more: 4.88%

Kentucky

$0: 44.62%
$1-$999: 24.62%
$1,000-$4,999: 20.00%
$5,000-$9,999: 4.62%
$10,000-$19,999: 3.08%
$20,000-$49,999: 3.08%
$50,000 or more: 0%

Louisiana

$0: 47.69%
$1-$999: 16.92%
$1,000-$4,999: 16.92%
$5,000-$9,999: 4.62%
$10,000-$19,999: 6.15%
$20,000-$49,999: 3.08%
$50,000 or more: 4.62%

Maine

$0: 45.00%
$1-$999: 15.00%
$1,000-$4,999: 25.00%
$5,000-$9,999: 10.00%
$10,000-$19,999: 5.00%
$20,000-$49,999: 0%
$50,000 or more: 0%

Maryland

$0: 65.85%
$1-$999: 10.98%
$1,000-$4,999: 6.10%
$5,000-$9,999: 7.32%
$10,000-$19,999: 2.44%
$20,000-$49,999: 1.22%
$50,000 or more: 6.10%

Massachusetts

$0: 56.76%
$1-$999: 13.51%
$1,000-$4,999: 16.22%
$5,000-$9,999: 2.70%
$10,000-$19,999: 4.05%
$20,000-$49,999: 0%
$50,000 or more: 6.76%

Michigan

$0: 58.90%
$1-$999: 13.01%
$1,000-$4,999: 10.96%
$5,000-$9,999: 8.90%
$10,000-$19,999: 0.68%
$20,000-$49,999: 1.37%
$50,000 or more: 6.16%

Minnesota

$0: 54.29%
$1-$999: 8.57%
$1,000-$4,999: 15.71%
$5,000-$9,999: 10.00%
$10,000-$19,999: 5.00%
$20,000-$49,999: 2.14%
$50,000 or more: 4.29%

Mississippi

$0: 57.97%
$1-$999: 13.04%
$1,000-$4,999: 14.49%
$5,000-$9,999: 2.90%
$10,000-$19,999: 4.35%
$20,000-$49,999: 1.45%
$50,000 or more: 5.80%

Missouri

$0: 55.80%
$1-$999: 18.23%
$1,000-$4,999: 11.05%
$5,000-$9,999: 6.63%
$10,000-$19,999: 4.42%
$20,000-$49,999: 2.21%
$50,000 or more: 1.66%

Montana

$0: 47.14%
$1-$999: 10.00%
$1,000-$4,999: 12.86%
$5,000-$9,999: 12.86%
$10,000-$19,999: 4.29%
$20,000-$49,999: 4.29%
$50,000 or more: 8.57%

Nebraska

$0: 49.25%
$1-$999: 16.42%
$1,000-$4,999: 17.91%
$5,000-$9,999: 4.48%
$10,000-$19,999: 11.94%
$20,000-$49,999: 0%
$50,000 or more: 0%

Nevada

$0: 46.67%
$1-$999: 14.67%
$1,000-$4,999: 14.67%
$5,000-$9,999: 9.33%
$10,000-$19,999: 4.00%
$20,000-$49,999: 2.67%
$50,000 or more: 8.00%

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New Hampshire

$0: 68.75%
$1-$999: 18.75%
$1,000-$4,999: 6.25%
$5,000-$9,999: 6.25%
$10,000-$19,999: 0%
$20,000-$49,999: 0%
$50,000 or more: 0%

New Jersey

$0: 50.00%
$1-$999: 18.57%
$1,000-$4,999: 8.57%
$5,000-$9,999: 7.14%
$10,000-$19,999: 5.71%
$20,000-$49,999: 4.29%
$50,000 or more: 5.71%

New Mexico

$0: 45.31%
$1-$999: 18.75%
$1,000-$4,999: 20.31%
$5,000-$9,999: 4.69%
$10,000-$19,999: 3.13%
$20,000-$49,999: 0%
$50,000 or more: 7.81%

New York

$0: 47.98%
$1-$999: 15.15%
$1,000-$4,999: 14.65%
$5,000-$9,999: 9.09%
$10,000-$19,999: 6.57%
$20,000-$49,999: 3.54%
$50,000 or more: 3.03%

North Carolina

$0: 50.97%
$1-$999: 13.59%
$1,000-$4,999: 20.39%
$5,000-$9,999: 4.37%
$10,000-$19,999: 5.34%
$20,000-$49,999: 1.94%
$50,000 or more: 3.40%

North Dakota

$0: 58.06%
$1-$999: 3.23%
$1,000-$4,999: 9.68%
$5,000-$9,999: 9.68%
$10,000-$19,999: 12.90%
$20,000-$49,999: 0%
$50,000 or more: 6.45%

Ohio

$0: 50.83%
$1-$999: 16.57%
$1,000-$4,999: 14.36%
$5,000-$9,999: 8.84%
$10,000-$19,999: 4.97%
$20,000-$49,999: 1.66%
$50,000 or more: 2.76%

Oklahoma

$0: 55.17%
$1-$999: 19.54%
$1,000-$4,999: 13.79%
$5,000-$9,999: 1.15%
$10,000-$19,999: 3.45%
$20,000-$49,999: 2.30%
$50,000 or more: 4.60%

Oregon

$0: 50.50%
$1-$999: 10.89%
$1,000-$4,999: 13.86%
$5,000-$9,999: 9.90%
$10,000-$19,999: 6.93%
$20,000-$49,999: 3.96%
$50,000 or more: 3.96%

Pennsylvania

$0: 52.36%
$1-$999: 14.14%
$1,000-$4,999: 13.61%
$5,000-$9,999: 10.47%
$10,000-$19,999: 4.19%
$20,000-$49,999: 2.62%
$50,000 or more: 2.62%

Rhode Island

$0: 50.00%
$1-$999: 14.29%
$1,000-$4,999: 0%
$5,000-$9,999: 0%
$10,000-$19,999: 0%
$20,000-$49,999: 14.29%
$50,000 or more: 21.43%

South Carolina

$0: 47.67%
$1-$999: 20.93%
$1,000-$4,999: 10.47%
$5,000-$9,999: 5.81%
$10,000-$19,999: 4.65%
$20,000-$49,999: 3.49%
$50,000 or more: 6.98%

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South Dakota

$0: 35.48%
$1-$999: 25.81%
$1,000-$4,999: 12.90%
$5,000-$9,999: 9.68%
$10,000-$19,999: 6.45%
$20,000-$49,999: 0%
$50,000 or more: 9.68%

Tennessee

$0: 47.17%
$1-$999: 16.98%
$1,000-$4,999: 12.26%
$5,000-$9,999: 6.60%
$10,000-$19,999: 3.77%
$20,000-$49,999: 5.66%
$50,000 or more: 7.55%

Texas

$0: 51.06%
$1-$999: 15.74%
$1,000-$4,999: 14.89%
$5,000-$9,999: 10.21%
$10,000-$19,999: 4.26%
$20,000-$49,999: 0.85%
$50,000 or more: 2.98%

Utah

$0: 51.04%
$1-$999: 11.46%
$1,000-$4,999: 12.50%
$5,000-$9,999: 8.33%
$10,000-$19,999: 7.29%
$20,000-$49,999: 4.17%
$50,000 or more: 5.21%

Vermont

$0: 41.67%
$1-$999: 16.67%
$1,000-$4,999: 33.33%
$5,000-$9,999: 0%
$10,000-$19,999: 0%
$20,000-$49,999: 8.33%
$50,000 or more: 0%

Virginia

$0: 50.00%
$1-$999: 18.35%
$1,000-$4,999: 15.14%
$5,000-$9,999: 5.05%
$10,000-$19,999: 4.59%
$20,000-$49,999: 4.59%
$50,000 or more: 2.29%

Washington

$0: 57.76%
$1-$999: 18.10%
$1,000-$4,999: 11.21%
$5,000-$9,999: 4.31%
$10,000-$19,999: 4.31%
$20,000-$49,999: 2.59%
$50,000 or more: 1.72%

West Virginia

$0: 53.33%
$1-$999: 20.00%
$1,000-$4,999: 16.67%
$5,000-$9,999: 6.67%
$10,000-$19,999: 0%
$20,000-$49,999: 3.33%
$50,000 or more: 0%

Wisconsin

$0: 50.62%
$1-$999: 17.28%
$1,000-$4,999: 12.35%
$5,000-$9,999: 7.41%
$10,000-$19,999: 4.32%
$20,000-$49,999: 1.85%
$50,000 or more: 6.17%

Wyoming

$0: 43.48%
$1-$999: 17.39%
$1,000-$4,999: 17.39%
$5,000-$9,999: 8.70%
$10,000-$19,999: 4.35%
$20,000-$49,999: 0%
$50,000 or more: 8.70%

Here’s How Much Debt Americans Will Have Due To the Coronavirus, by Age

Perhaps unsurprisingly, seeing as how they’ve had more time to pad their emergency funds, fewer older respondents anticipate taking on debt due to the coronavirus. Just over 57% of those 65 and older claimed they do not expect to fall into debt, and a slight majority — 51% — of respondents ages 55 to 64 said the same thing.

Results were a little more varied among middle-age respondents. Only 45% of respondents ages 45 to 54 are confident they won’t accumulate debt due to the coronavirus, a survey low. Millennial respondents — that is, those in the 25 to 34 and 35 to 44 age brackets — also expect to take on more debt than senior respondents. Sixteen percent of Millennial respondents think they’ll take on between $1,000 to $4,999 in debt, while over 20% of those same respondents anticipate taking on $5,000 or more.

More From GOBankingRates

Methodology: GOBankingRates surveyed 4,964 Americans ages 18 and older from across the country between March 24 and March 27, 2020, asking one question: How much debt do you anticipate taking on due to the coronavirus pandemic? Age data was not available for 990 respondents (19.94% of respondents). GOBankingRates used Google Surveys to conduct the poll.