At a Glance: State Debt Compared to Assets

The federal debt has ballooned to more than $28 trillion. But many state governments also have a serious debt problem, as shown by this new infographic published by

More than a dozen states — excluding Ohio — have debt loads exceeding 100% or more of state assets, with a concentration of heavily indebted states in the Northeast. The most leveraged state is Illinois, where $248.7 billion of debt equals 468.7% of assets. 4/7/2021