Average overall debt
This report provides a picture of average American debt through 82.2 million Credit Karma members with a combined overall debt of $7.4 trillion. Overall debt is defined as any type of debt noted on a Credit Karma member’s credit report. This includes credit card, mortgage, student loan, medical loan, auto lease and auto loan debt.
Decreases in overall debt and collections accounts, but credit card and auto lease debt continue to rise
Between April and June 2023, average total overall debt among Credit Karma members was $50,895, an increase of 1.24% compared to an average of $51,535 from January to March 2023.
All generations saw a decrease in debt, with the exception of Gen Z, which remained relatively flat quarter over quarter at 0.3%. Similarly, all credit score bands saw a decrease in total average debt, except members in the subprime score band, who saw a 0.78% increase.
A decrease in student loan debt drove much of the decrease in overall average debt. But average credit card debt continued to rise across all score bands and generations (except the Silent Generation), with the largest increases in members falling in the super prime score band and in Gen Z members. Average auto lease debt rose the most — nearly 4% quarter over quarter. Auto lease debt increased across every generation and score band, while auto loan debt decreased.
Across all generations and score bands, there was also a decrease quarter over quarter in the average number of open collections per member with an account in collections.
Average total debt by state
The chart below illustrates the average debt by state. The state with the highest average debt among Credit Karma members is Washington ($74,088). West Virginia ($35,396) has the lowest average debt. Note that the District of Columbia had the highest average debt at $79,316, but it isn’t technically a state.
When looking at the states with the largest and smallest increases in overall average debt among Credit Karma members, comparing January through March 2023 and April through June 2023, New Mexico was the only state with an increase — a nominal 0.68%. These are the states with the biggest decreases:
| State | Percent change |
|---|---|
| California | -2.43% |
| New York | -2.08% |
| DC | -1.97% |
| Connecticut | -1.75% |
| Illinois | -1.60% |
Average debt among Credit Karma members broken out by generation
| Generation | Average total debt Jan.–March 2023 | Average of total debt April–June 2023 | Percent change in debt |
|---|---|---|---|
| Generation Z | $17,851 | $17,904 | 0.30% |
| Millennial | $51,937 | $51,711 | -0.44% |
| Generation X | $63,571 | $62,903 | -1.05% |
| Baby boomers | $53,938 | $52,742 | -2.22% |
| Silent | $42,136 | $40,458 | -3.98% |
As generational age increased, the percent change of debt decreased. Gen Z was the only generation to see a slight increase in debt, though their overall average debt was much lower than other generations.
Average debt among Credit Karma members by credit score band
| Credit score band | Average total debt Jan.–March 2023 | Average of total debt April–June 2023 | Percent change in debt |
|---|---|---|---|
| Subprime (300–600) | $31,742 | $31,990 | 0.78% |
| Near prime (601–660) | $43,220 | $42,810 | -0.95% |
| Prime (661–780) | $57,733 | $56,807 | -1.60% |
| Super prime (781–850) | $72,551 | $71,339 | -1.67% |
As scores increased, so too did average overall debt. This may be because people with higher credit scores have greater access to credit on better terms. But while members with higher scores had more debt, their average total debt decreased the most quarter over quarter.
Average credit card debt
In the second quarter of 2023, approximately 78.8 million Credit Karma members with at least one credit card held a total of $479 billion in credit card debt.
The average credit balance among members during the period of April to June 2023 was $7,377, compared to $7,249 in January to March 2023. That represents a 1.77% increase in average credit card debt. The average next payment was $213.
The table below contains the average credit card debt by state. The state with the highest average credit card debt among Credit Karma members is Alaska ($9,026). Mississippi has the lowest average debt ($6,024). All states saw an increase in average credit card debt, with Alaska seeing the highest quarter-over-quarter growth (3.64%) and Hawaii seeing the least (0.71%).
Average credit card debt by state
| State | Credit Karma members’ average credit card debt Jan.–March 2023 | Credit Karma members’ average credit card debt April–June 2023 | Percent change in average credit card debt |
|---|---|---|---|
| Alabama | $6,318 | $6,443 | 1.98% |
| Alaska | $8,709 | $9,026 | 3.64% |
| Arizona | $7,125 | $7,264 | 1.95% |
| Arkansas | $6,232 | $6,336 | 1.67% |
| California | $7,898 | $8,008 | 1.39% |
| Colorado | $7,499 | $7,671 | 2.29% |
| Connecticut | $7,745 | $7,865 | 1.55% |
| Delaware | $7,186 | $7,358 | 2.39% |
| District of Columbia | $8,194 | $8,430 | 2.88% |
| Florida | $7,695 | $7,798 | 1.34% |
| Georgia | $7,408 | $7,567 | 2.15% |
| Hawaii | $8,392 | $8,452 | 0.71% |
| Idaho | $6,576 | $6,774 | 3.01% |
| Illinois | $7,340 | $7,475 | 1.84% |
| Indiana | $6,196 | $6,323 | 2.05% |
| Iowa | $6,330 | $6,443 | 1.79% |
| Kansas | $6,689 | $6,822 | 1.99% |
| Kentucky | $6,022 | $6,129 | 1.78% |
| Louisiana | $6,672 | $6,789 | 1.75% |
| Maine | $6,413 | $6,601 | 2.93% |
| Maryland | $8,122 | $8,282 | 1.97% |
| Massachusetts | $7,456 | $7,608 | 2.04% |
| Michigan | $6,511 | $6,651 | 2.15% |
| Minnesota | $6,862 | $7,023 | 2.35% |
| Mississippi | $5,904 | $6,024 | 2.03% |
| Missouri | $6,525 | $6,647 | 1.87% |
| Montana | $6,680 | $6,832 | 2.28% |
| Nebraska | $6,810 | $6,929 | 1.75% |
| Nevada | $7,514 | $7,680 | 2.21% |
| New Hampshire | $7,215 | $7,384 | 2.34% |
| New Jersey | $8,151 | $8,268 | 1.44% |
| New Mexico | $6,514 | $6,661 | 2.26% |
| New York | $7,857 | $7,971 | 1.45% |
| North Carolina | $6,778 | $6,903 | 1.84% |
| North Dakota | $6,901 | $7,047 | 2.12% |
| Ohio | $6,490 | $6,611 | 1.86% |
| Oklahoma | $6,599 | $6,733 | 2.03% |
| Oregon | $6,968 | $7,129 | 2.31% |
| Pennsylvania | $6,857 | $6,988 | 1.91% |
| Rhode Island | $7,319 | $7,451 | 1.80% |
| South Carolina | $6,658 | $6,769 | 1.67% |
| South Dakota | $6,548 | $6,752 | 3.12% |
| Tennessee | $6,511 | $6,655 | 2.21% |
| Texas | $7,506 | $7,603 | 1.29% |
| Utah | $6,871 | $7,074 | 2.95% |
| Vermont | $6,517 | $6,679 | 2.49% |
| Virginia | $7,886 | $8,027 | 1.79% |
| Washington | $7,737 | $7,934 | 2.55% |
| West Virginia | $6,174 | $6,280 | 1.72% |
| Wisconsin | $6,190 | $6,316 | 2.04% |
| Wyoming | $6,924 | $7,114 | 2.74% |
Average credit card debt among Credit Karma members by generation
| Generation | Average credit card debt Jan.–March 2023 | Average card debt April–June 2023 | Percent change in credit card debt |
|---|---|---|---|
| Generation Z | $3,193 | $3,328 | 4.23% |
| Millennial | $6,786 | $6,959 | 2.55% |
| Generation X | $9,411 | $9,589 | 1.89% |
| Baby boomers | $8,125 | $8,192 | 0.82% |
| Silent | $5,851 | $5,841 | -0.17% |
Gen X once again had the most credit card debt, but Gen Z increased their credit card balances by a larger percent.
Average credit card debt among Credit Karma members by credit score band
| Credit score band | Average credit card debt Jan.–March 2023 | Average card debt April–June 2023 | Percent change in credit card debt |
|---|---|---|---|
| Subprime (300–600) | $7,087 | $7,289 | 2.85% |
| Near prime (601–660) | $10,671 | $10,826 | 1.45% |
| Prime (661–780) | $7,332 | $7,418 | 1.17% |
| Super prime (781–850) | $3,364 | $3,577 | 6.33% |
Average auto loan debt
In the second quarter of 2023, approximately 55.6 million Credit Karma members with at least one auto loan open held more than $862 billion in loan debt. The average next payment was $607.
The average auto loan balance among members was $25,002, representing a 0.82% increase over the average of $24,799 in January to March 2023.
The table below shows the average auto loan debt by state. The state with the highest average car loan debt among Credit Karma members is Texas ($29,066), and Rhode Island has the lowest average debt ($18,869).
Average auto loan debt by state
| State | Credit Karma members’ average auto loan debt Jan.–March 2023 | Credit Karma members’ average auto loan debt April–June 2023 | Percent change in average auto loan debt |
|---|---|---|---|
| Alabama | $25,394 | $25,450 | 0.22% |
| Alaska | $27,738 | $27,741 | 0.01% |
| Arizona | $26,679 | $26,261 | -1.57% |
| Arkansas | $26,455 | $26,611 | 0.59% |
| California | $25,733 | $24,539 | -4.64% |
| Colorado | $24,945 | $24,287 | -2.64% |
| Connecticut | $20,459 | $19,066 | -6.81% |
| Delaware | $23,132 | $22,666 | -2.01% |
| District of Columbia | $22,994 | $22,220 | -3.37% |
| Florida | $26,073 | $24,775 | -4.98% |
| Georgia | $25,766 | $25,709 | -0.22% |
| Hawaii | $25,491 | $24,907 | -2.29% |
| Idaho | $24,762 | $24,264 | -2.01% |
| Illinois | $23,013 | $22,558 | -1.98% |
| Indiana | $22,437 | $21,914 | -2.33% |
| Iowa | $23,222 | $22,879 | -1.48% |
| Kansas | $23,466 | $23,426 | -0.17% |
| Kentucky | $23,462 | $23,241 | -0.94% |
| Louisiana | $28,103 | $28,020 | -0.30% |
| Maine | $22,529 | $21,500 | -4.57% |
| Maryland | $24,535 | $24,283 | -1.03% |
| Massachusetts | $20,802 | $19,309 | -7.18% |
| Michigan | $21,159 | $18,984 | -10.28% |
| Minnesota | $21,651 | $20,844 | -3.73% |
| Mississippi | $25,687 | $25,796 | 0.42% |
| Missouri | $22,757 | $22,686 | -0.31% |
| Montana | $24,030 | $23,713 | -1.32% |
| Nebraska | $22,705 | $21,735 | -4.27% |
| Nevada | $26,548 | $25,895 | -2.46% |
| New Hampshire | $22,219 | $20,684 | -6.91% |
| New Jersey | $22,828 | $20,097 | -11.96% |
| New Mexico | $28,848 | $28,924 | 0.26% |
| New York | $23,614 | $20,541 | -13.01% |
| North Carolina | $24,326 | $24,091 | -0.97% |
| North Dakota | $25,119 | $24,205 | -3.64% |
| Ohio | $21,903 | $20,825 | -4.92% |
| Oklahoma | $26,113 | $26,195 | 0.31% |
| Oregon | $23,917 | $23,318 | -2.50% |
| Pennsylvania | $22,128 | $21,031 | -4.96% |
| Rhode Island | $20,468 | $18,869 | -7.81% |
| South Carolina | $23,692 | $23,548 | -0.61% |
| South Dakota | $23,004 | $22,149 | -3.72% |
| Tennessee | $24,884 | $24,875 | -0.04% |
| Texas | $29,253 | $29,066 | -0.64% |
| Utah | $24,223 | $23,659 | -2.33% |
| Vermont | $23,365 | $21,363 | -8.57% |
| Virginia | $23,828 | $23,615 | -0.89% |
| Washington | $25,694 | $25,129 | -2.20% |
| West Virginia | $26,504 | $26,284 | -0.83% |
| Wisconsin | $21,272 | $20,633 | -3.00% |
| Wyoming | $28,164 | $27,906 | -0.92% |
Most states saw declines in average auto loan debt. Among those with increases, the growth was minimal. States with substantial declines in auto loan debt between January through March and April through June included New Jersey (-11.96%), New York (-13.01%) and Michigan (-10.28%). Each saw double-digit drops in average auto debt. On the other hand, Arkansas experienced the largest increase (0.59%) in average auto loan debt over the same period.
Average auto loan debt among Credit Karma members by generation
| Generation | Average auto loan debt Jan.–March 2023 | Average auto loan debt April–June 2023 | Percent change in auto loan debt |
|---|---|---|---|
| Generation Z | $20,637 | $20,302 | -1.62% |
| Millennial | $24,653 | $23,874 | -3.16% |
| Generation X | $27,656 | $26,560 | -3.96% |
| Baby boomers | $23,042 | $21,859 | -5.13% |
| Silent | $18,833 | $17,033 | -9.56% |
Average auto loan debt among Credit Karma members by credit score band
| Credit score band | Average auto loan debt Jan.–March 23 | Average auto loan debt April–June 2023 | Percent change in auto loan debt |
|---|---|---|---|
| Subprime (300–600) | $22,933 | $22,895 | -0.17% |
| Near prime (601–660) | $25,758 | $24,989 | -2.99% |
| Prime (661–780) | $26,064 | $24,810 | -4.81% |
| Super prime (781–850) | $22,895 | $21,330 | -6.84% |
Average mortgage debt
In April through June 2023, approximately 29.4 million Credit Karma members with at least one mortgage held a total of $5.4 trillion in mortgage debt. The average next payment was $1,769.
The average mortgage balance among members was $244,482.
This table contains the average mortgage debt by state. Though the District of Columbia had the highest average mortgage balance ($462,601), it’s not a state. Members in California had the highest average mortgage debt at $437,423, and West Virginia had the lowest average debt at $137,508.
| State | Credit Karma members’ average mortgage debt Jan.–March 2023 | Credit Karma members’ average mortgage debt April–June 2023 | Percent change in average mortgage debt |
|---|---|---|---|
| Alabama | $169,700 | $171,131 | 0.84% |
| Alaska | $265,599 | $266,462 | 0.32% |
| Arizona | $266,917 | $268,975 | 0.77% |
| Arkansas | $153,400 | $154,929 | 1.00% |
| California | $438,813 | $437,423 | -0.32% |
| Colorado | $316,593 | $318,202 | 0.51% |
| Connecticut | $238,319 | $238,316 | 0.00% |
| Delaware | $223,876 | $224,941 | 0.48% |
| District of Columbia | $463,672 | $462,601 | -0.23% |
| Florida | $237,176 | $239,069 | 0.80% |
| Georgia | $216,981 | $218,533 | 0.72% |
| Hawaii | $426,971 | $427,984 | 0.24% |
| Idaho | $241,583 | $243,474 | 0.78% |
| Illinois | $204,987 | $205,512 | 0.26% |
| Indiana | $159,189 | $160,400 | 0.76% |
| Iowa | $155,184 | $155,765 | 0.37% |
| Kansas | $170,444 | $171,695 | 0.73% |
| Kentucky | $157,187 | $158,086 | 0.57% |
| Louisiana | $177,088 | $178,186 | 0.62% |
| Maine | $178,806 | $179,942 | 0.64% |
| Maryland | $291,178 | $292,060 | 0.30% |
| Massachusetts | $321,758 | $322,965 | 0.38% |
| Michigan | $164,582 | $164,995 | 0.25% |
| Minnesota | $221,683 | $222,507 | 0.37% |
| Mississippi | $147,658 | $148,913 | 0.85% |
| Missouri | $171,811 | $172,696 | 0.52% |
| Montana | $224,796 | $226,648 | 0.82% |
| Nebraska | $176,210 | $177,119 | 0.52% |
| Nevada | $286,338 | $287,877 | 0.54% |
| New Hampshire | $227,305 | $228,236 | 0.41% |
| New Jersey | $293,010 | $294,175 | 0.40% |
| New Mexico | $189,045 | $193,841 | 2.54% |
| New York | $298,185 | $298,078 | -0.04% |
| North Carolina | $208,190 | $209,896 | 0.82% |
| North Dakota | $204,743 | $205,100 | 0.17% |
| Ohio | $158,462 | $159,569 | 0.70% |
| Oklahoma | $163,169 | $164,216 | 0.64% |
| Oregon | $297,488 | $299,397 | 0.64% |
| Pennsylvania | $182,815 | $183,929 | 0.61% |
| Rhode Island | $238,778 | $239,877 | 0.46% |
| South Carolina | $189,344 | $190,807 | 0.77% |
| South Dakota | $187,229 | $188,372 | 0.61% |
| Tennessee | $200,600 | $202,522 | 0.96% |
| Texas | $216,722 | $218,270 | 0.71% |
| Utah | $309,746 | $312,800 | 0.99% |
| Vermont | $181,768 | $182,793 | 0.56% |
| Virginia | $275,401 | $276,861 | 0.53% |
| Washington | $350,898 | $352,151 | 0.36% |
| West Virginia | $136,654 | $137,508 | 0.62% |
| Wisconsin | $176,755 | $177,715 | 0.54% |
| Wyoming | $211,141 | $212,490 | 0.64% |
Average mortgage debt among Credit Karma members by generation
| Generation | Average mortgage debt Jan.–March 2023 | Average mortgage debt April–June 2023 | Percent change in mortgage debt |
|---|---|---|---|
| Generation Z | $207,807 | $210,472 | 1.28% |
| Millennial | $272,404 | $273,447 | 0.38% |
| Generation X | $246,793 | $247,020 | 0.09% |
| Baby boomers | $191,748 | $191,825 | 0.04% |
| Silent | $167,062 | $167,353 | 0.17% |
Average mortgage debt among Credit Karma members by credit score band
| Credit score band | Average mortgage debt Jan.–March 2023 | Average mortgage debt April–June 2023 | Percent change in mortgage debt |
|---|---|---|---|
| Subprime (300–600) | $200,946 | $204,793 | 1.91% |
| Near prime (601–660) | $224,708 | $225,919 | 0.54% |
| Prime (661–780) | $257,105 | $258,172 | 0.42% |
| Super prime (781–850) | $249,965 | $249,710 | -0.10% |
Average student loan debt
In April to June 2023, approximately 28.2 million Credit Karma members with at least one student loan open held a total of $652.8 billion across 70.4 million student loans. The average next payment was $43.
The average student loan balance among members in the second quarter of 2023, was $30,084, which is 3.64% lower than during January to March 2023. This was the only category of debt that experienced a decrease in average total debt quarter over quarter..
The table below contains the average student loan debt by state. Although not a state, the District of Columbia had the highest average student loan debt at $44,429. The state with the highest average student loan debt among Credit Karma members is Maryland ($36,477), and Utah has the lowest average debt ($25,582).
| State | Credit Karma members’ average student loan debt Jan.–March 2023 | Credit Karma members’ average student loan debt April–June 2023 | Percent change in average student loan debt |
|---|---|---|---|
| Alabama | $32,058 | $30,709 | -4.21% |
| Alaska | $28,321 | $27,053 | -4.48% |
| Arizona | $28,937 | $27,921 | -3.51% |
| Arkansas | $27,816 | $26,783 | -3.71% |
| California | $31,265 | $30,363 | -2.89% |
| Colorado | $30,320 | $29,502 | -2.70% |
| Connecticut | $33,488 | $32,444 | -3.12% |
| Delaware | $33,069 | $31,912 | -3.50% |
| District of Columbia | $46,289 | $44,429 | -4.02% |
| Florida | $31,704 | $30,584 | -3.53% |
| Georgia | $35,536 | $33,955 | -4.45% |
| Hawaii | $30,174 | $29,390 | -2.60% |
| Idaho | $26,613 | $25,902 | -2.67% |
| Illinois | $33,908 | $32,446 | -4.31% |
| Indiana | $28,328 | $27,123 | -4.25% |
| Iowa | $26,771 | $25,967 | -3.00% |
| Kansas | $28,243 | $27,448 | -2.81% |
| Kentucky | $27,617 | $26,201 | -5.13% |
| Louisiana | $29,201 | $28,347 | -2.92% |
| Maine | $29,207 | $28,134 | -3.67% |
| Maryland | $37,980 | $36,477 | -3.96% |
| Massachusetts | $33,274 | $32,392 | -2.65% |
| Michigan | $31,149 | $29,645 | -4.83% |
| Minnesota | $30,089 | $29,081 | -3.35% |
| Mississippi | $32,327 | $31,078 | -3.86% |
| Missouri | $30,358 | $29,561 | -2.63% |
| Montana | $27,053 | $26,158 | -3.31% |
| Nebraska | $27,650 | $26,942 | -2.56% |
| Nevada | $26,832 | $26,016 | -3.04% |
| New Hampshire | $32,799 | $31,597 | -3.66% |
| New Jersey | $34,628 | $33,600 | -2.97% |
| New Mexico | $27,376 | $26,452 | -3.38% |
| New York | $34,738 | $33,504 | -3.55% |
| North Carolina | $31,934 | $30,480 | -4.55% |
| North Dakota | $27,734 | $27,006 | -2.62% |
| Ohio | $30,487 | $28,826 | -5.45% |
| Oklahoma | $26,986 | $26,010 | -3.62% |
| Oregon | $29,469 | $28,654 | -2.77% |
| Pennsylvania | $32,951 | $31,874 | -3.27% |
| Rhode Island | $28,582 | $27,669 | -3.19% |
| South Carolina | $32,222 | $30,893 | -4.12% |
| South Dakota | $28,402 | $27,361 | -3.67% |
| Tennessee | $30,303 | $29,000 | -4.30% |
| Texas | $27,764 | $26,802 | -3.46% |
| Utah | $26,211 | $25,582 | -2.40% |
| Vermont | $34,073 | $32,445 | -4.78% |
| Virginia | $34,247 | $33,051 | -3.49% |
| Washington | $28,273 | $27,650 | -2.20% |
| West Virginia | $27,550 | $26,450 | -3.99% |
| Wisconsin | $27,922 | $26,454 | -5.26% |
| Wyoming | $26,366 | $25,654 | -2.70% |
Average student loan debt among Credit Karma members by generation
| Generation | Average student loan debt Jan.–March 2023 | Average student loan debt April–June 2023 | Percent change in student loan debt |
|---|---|---|---|
| Generation Z | $15,986 | $15,898 | -0.55% |
| Millennial | $30,229 | $29,127 | -3.65% |
| Generation X | $41,690 | $40,142 | -3.71% |
| Baby boomers | $44,217 | $43,231 | -2.23% |
| Silent | $36,591 | $36,643 | 0.14% |
Average student loan debt among Credit Karma members by credit score band
| Credit score band | Average student loan debt Jan.–March 2023 | Average student loan debt April–June 2023 | Percent change in student loan debt |
|---|---|---|---|
| Subprime (300–600) | $28,127 | $27,138 | -3.52% |
| Near prime (601–660) | $30,208 | $29,114 | -3.62% |
| Prime (661–780) | $33,437 | $32,160 | -3.82% |
| Super prime (781–850) | $33,997 | $33,048 | -2.79% |
Average credit scores
The average VantageScore 3.0 credit score for Credit Karma members with debt was 668 in the second quarter of 2023, but the median was a little higher at 676. Both fall in the prime range.
States with the highest average VantageScore 3.0 credit scores among Credit Karma members with debt
| Rank | State | Average score |
|---|---|---|
| 1 | New Hampshire | 688 |
| 2 | Washington | 685 |
| 3 | Massachusetts | 685 |
| 3 | Vermont | 684 |
| 4 | Utah | 683 |
| 4 | Minnesota | 683 |
| 5 | Wisconsin | 681 |
| 6 | Oregon | 681 |
| 7 | Maine | 681 |
| 8 | Colorado | 681 |
5 states with the lowest average VantageScore 3.0 credit scores among Credit Karma members with debt
| Rank | State | Average score |
|---|---|---|
| Rank | State | Average score |
| 50 | Mississippi | 643 |
| 49 | Louisiana | 648 |
| 49 | Alabama | 649 |
| 48 | Arkansas | 650 |
| 47 | Georgia | 655 |
Average VantageScore 3.0 score among Credit Karma members with debt by generation
| Generation | Average VantageScore 3.0 April–June 23 |
|---|---|
| Generation Z | 656 |
| Millennial | 661 |
| Generation X | 664 |
| Baby boomers | 698 |
| Silent | 695 |
Generation and credit scores had a positive correlation, which means that being older is associated with higher credit scores.
Accounts in collections
For this report, accounts in collections are any credit card, mortgage, student loan, medical loan, auto lease or auto loan accounts that have been sent to collections agencies, according to their credit reports. Creditors may have different standards for when they transfer debt to collections, but the typical cutoff is 120 to 150 days past due. For this report, we’re able to determine if an account is in collections but not how many days past due it is.
Among Credit Karma members with accounts in collections, the average number of open accounts in April through June 2023 was 2.3 — lower than 2.6 in January through March 2023.
Keep in mind that this measure only looks at members who have accounts in collections, not the Credit Karma member population as a whole. That means that it only captures people who are already potentially struggling with their finances.
The table below shows the average number of accounts in collections for Credit Karma members who had accounts in collections by state.
| State | Among Credit Karma members with accounts in collections, the average number of accounts in collections for Jan.–March 2023 | Among Credit Karma members with accounts in collections, the average number of accounts in collections for April–June 2023 | Percent change in accounts in collection |
|---|---|---|---|
| Alabama | 2.82 | 2.41 | -14.27% |
| Alaska | 1.99 | 1.87 | -6.14% |
| Arizona | 2.40 | 2.12 | -11.39% |
| Arkansas | 2.70 | 2.31 | -14.36% |
| California | 2.26 | 2.12 | -6.16% |
| Colorado | 2.39 | 2.08 | -13.10% |
| Connecticut | 2.29 | 2.07 | -9.74% |
| Delaware | 2.99 | 2.39 | -20.35% |
| District of Columbia | 1.79 | 1.69 | -5.67% |
| Florida | 2.58 | 2.37 | -8.05% |
| Georgia | 2.78 | 2.43 | -12.82% |
| Hawaii | 1.91 | 1.85 | -2.90% |
| Idaho | 2.63 | 2.15 | -18.03% |
| Illinois | 2.69 | 2.23 | -17.07% |
| Indiana | 2.83 | 2.31 | -18.41% |
| Iowa | 2.54 | 2.25 | -11.14% |
| Kansas | 3.43 | 2.49 | -27.49% |
| Kentucky | 3.09 | 2.38 | -23.02% |
| Louisiana | 2.68 | 2.36 | -11.85% |
| Maine | 3.35 | 2.26 | -32.58% |
| Maryland | 2.25 | 2.02 | -10.27% |
| Massachusetts | 1.99 | 1.96 | -1.22% |
| Michigan | 2.41 | 2.13 | -11.60% |
| Minnesota | 2.04 | 2.00 | -1.95% |
| Mississippi | 2.35 | 1.91 | -18.65% |
| Missouri | 3.12 | 2.49 | -19.97% |
| Montana | 2.98 | 2.22 | -25.60% |
| Nebraska | 2.28 | 2.14 | -6.21% |
| Nevada | 2.85 | 2.39 | -16.02% |
| New Hampshire | 2.15 | 2.04 | -5.32% |
| New Jersey | 2.20 | 2.05 | -6.81% |
| New Mexico | 2.45 | 2.10 | -14.26% |
| New York | 2.08 | 2.04 | -1.80% |
| North Carolina | 2.82 | 2.12 | -24.69% |
| North Dakota | 2.25 | 2.06 | -8.47% |
| Ohio | 2.84 | 2.42 | -14.90% |
| Oklahoma | 2.87 | 2.49 | -13.56% |
| Oregon | 2.09 | 2.02 | -3.45% |
| Pennsylvania | 2.38 | 2.20 | -7.29% |
| Rhode Island | 2.06 | 2.05 | -0.59% |
| South Carolina | 2.99 | 2.49 | -16.65% |
| South Dakota | 2.07 | 1.96 | -5.43% |
| Tennessee | 2.86 | 2.47 | -13.43% |
| Texas | 2.76 | 2.50 | -9.30% |
| Utah | 2.57 | 2.16 | -16.04% |
| Vermont | 2.07 | 2.04 | -1.52% |
| Virginia | 2.85 | 2.26 | -20.69% |
| Washington | 2.19 | 1.99 | -9.26% |
| West Virginia | 3.15 | 2.30 | -26.82% |
| Wisconsin | 3.41 | 2.38 | -30.32% |
| Wyoming | 3.77 | 2.84 | -24.56% |
Maine had the largest reduction in average number of accounts in collections — a whopping 32.58% decrease. No states saw an increase in average open collections accounts.
Average number of accounts in collections by VantageScore 3.0 credit score band
| Credit score band | Average number of accounts in collections for Credit Karma members Jan.–March 2023 | Average number of accounts in collections for Credit Karma members April–June 2023 | Percent change in accounts in collections |
|---|---|---|---|
| Subprime (300–600) | 3.05 | 2.66 | -12.94% |
| Near prime (601–660) | 2.34 | 1.96 | -16.04% |
| Prime (661–780) | 1.67 | 1.29 | -22.81% |
| Super prime (781–850) | 1.31 | 0.95 | -27.44% |
There was an decrease in the average number of accounts in collections among most score bands, especially in the super prime category.
Average credit inquiries
For this report, credit inquiries are applications for new credit, such as credit cards or loans. During April through June 2023, Credit Karma members averaged four credit inquiries, down slightly from 4.1 in January through March 2023.
Credit Karma members in Colorado had the lowest average number of inquiries at 2.9, while members in Mississippi had the highest at 4.9.
| State | Credit Karma members’ average inquiries Jan.–March 2023 | Credit Karma members’ average inquiries April–June 2023 | Percent change in inquiries |
|---|---|---|---|
| Alabama | 4.6 | 4.6 | 0.00% |
| Alaska | 3.6 | 3.6 | 0.00% |
| Arizona | 4.2 | 4.1 | -2.38% |
| Arkansas | 4.8 | 4.7 | -2.08% |
| California | 3.8 | 3.7 | -2.63% |
| Colorado | 3 | 2.9 | -3.33% |
| Connecticut | 3.9 | 3.9 | 0.00% |
| Delaware | 4.4 | 4.3 | -2.27% |
| District of Columbia | 3.8 | 3.7 | -2.63% |
| Florida | 4.1 | 4.1 | 0.00% |
| Georgia | 4.3 | 4.3 | 0.00% |
| Hawaii | 3.6 | 3.6 | 0.00% |
| Idaho | 3.6 | 3.6 | 0.00% |
| Illinois | 4.5 | 4.5 | 0.00% |
| Indiana | 4.7 | 4.6 | -2.13% |
| Iowa | 4.2 | 4.2 | 0.00% |
| Kansas | 4.4 | 4.3 | -2.27% |
| Kentucky | 4.8 | 4.7 | -2.08% |
| Louisiana | 4.4 | 4.3 | -2.27% |
| Maine | 4.2 | 4.1 | -2.38% |
| Maryland | 4.1 | 4.1 | 0.00% |
| Massachusetts | 3.5 | 3.4 | -2.86% |
| Michigan | 4.3 | 4.3 | 0.00% |
| Minnesota | 3.7 | 3.7 | 0.00% |
| Mississippi | 4.9 | 4.9 | 0.00% |
| Missouri | 4.5 | 4.4 | -2.22% |
| Montana | 3.8 | 3.7 | -2.63% |
| Nebraska | 4.1 | 4 | -2.44% |
| Nevada | 4.1 | 4 | -2.44% |
| New Hampshire | 3.9 | 3.8 | -2.56% |
| New Jersey | 3.9 | 3.8 | -2.56% |
| New Mexico | 4.3 | 4.2 | -2.33% |
| New York | 3.6 | 3.6 | 0.00% |
| North Carolina | 4.1 | 4.1 | 0.00% |
| North Dakota | 3.7 | 3.7 | 0.00% |
| Ohio | 4.5 | 4.5 | 0.00% |
| Oklahoma | 4.5 | 4.5 | 0.00% |
| Oregon | 3.5 | 3.4 | -2.86% |
| Pennsylvania | 4.2 | 4.1 | -2.38% |
| Rhode Island | 3.8 | 3.8 | 0.00% |
| South Carolina | 4.3 | 4.3 | 0.00% |
| South Dakota | 4 | 3.9 | -2.50% |
| Tennessee | 4.2 | 4.2 | 0.00% |
| Texas | 4.5 | 4.5 | 0.00% |
| Utah | 3.5 | 3.4 | -2.86% |
| Vermont | 4.2 | 4.1 | -2.38% |
| Virginia | 4.1 | 4 | -2.44% |
| Washington | 3.7 | 3.6 | -2.70% |
| West Virginia | 4.5 | 4.5 | 0.00% |
| Wisconsin | 4.5 | 4.4 | -2.22% |
| Wyoming | 3.9 | 3.9 | 0.00% |
Average number of credit inquiries by Credit Karma members by VantageScore 3.0 credit score band
| Credit score band | Average number of inquiries for Credit Karma members Jan.–March 2023 | Average number of inquiries for Credit Karma members April–June 2023 | Percent change in inquiries |
|---|---|---|---|
| Subprime (300–600) | 5.58 | 5.56 | -0.36% |
| Near prime (601–660) | 4.38 | 4.30 | -1.83% |
| Prime (661–780) | 3.14 | 3.04 | -3.18% |
| Super prime (781–850) | 2.08 | 2.02 | -2.88% |
Average number of credit inquiries by Credit Karma members by generation
| Generation | Average number of inquiries for Credit Karma members Jan.–March 2023 | Average number of inquiries for Credit Karma members April–June 2023 | Percent change in inquiries |
|---|---|---|---|
| Generation Z | 3.28 | 3.23 | -1.68% |
| Millennial | 3.88 | 3.8 | -2.06% |
| Generation X | 4.38 | 4.23 | -3.42% |
| Baby boomers | 4.03 | 3.95 | -1.99% |
| Silent | 3.43 | 3.35 | -2.33% |
Methodology
This report drew on 82.2 million Credit Karma users who had been active on the site within the last 36 months. All aggregate data analyzed was pulled on July 6, 2023, and came from members’ TransUnion credit reports. Averages were based on information from the previous 90 days.