People in New Hampshire owe more than most Americans per capita, which leads the personal bankruptcy rate in the Granite State to experience occasional highs. Two of the types of debt that are most likely to lead to bankruptcy are student debt and medical debt. One of the prices of New Hampshire's educated population is a higher incidence of student debt.
People in New Hampshire have more debt than people in many other states, with student debt and medical expenses leading the reasons that some are pushed into red ink. In some cases, bankruptcy may be the best way to start over with a clean slate, but it is often the last stop on a long road with options for people to get out of debt.
People in New Hampshire live free, but they also owe more than the average American. Financial stress and piles of debt can unnecessarily complicate someone's goals.
It's official. You are worried about debt. If you are not, someone nearby certainly is. A study of financial stress showed that New Hampshire residents are suffering emotional stress because they are concerned about paying back debts. The only financial stress equal to debt is worrying about not being able to afford a life-event emergency.
Debt is often part of the American experience for professionals and seniors. Students start their lives with costly educations, and many people begin their golden age with new medical expenses to resolve. When debt gets out of control, we often need help. Some in New Hampshire may be getting it before long.