According to Newsweek , Swing states are critical in every U.S. presidential election due to their ability to swing between Republican and Democratic support, giving them added weight in the Electoral College. These states also face unique economic challenges that candidates often prioritize in their campaigns to secure votes.
A recent study by MarketWatch Guides has revealed that three major swing states are among the worst in the nation when it comes to debt, highlighting the financial pressures voters in these states may be facing.
Nevada tops the list of states with the worst debt, scoring an 8.10 on the debt index. Georgia follows closely behind in second place with a score of 7.18, while Arizona ranks eighth with a debt index score of 6.35.
The full top 10 list of states struggling with the worst debt includes: Nevada, Georgia, Florida, Texas, Tennessee, Delaware, Maryland, Arizona, California, and Mississippi.
Nevada’s debt crisis is largely driven by high levels of business and personal bankruptcies, with 8 bankruptcies per 100,000 businesses and 221 personal bankruptcies per 100,000 residents. Meanwhile, Georgia ranks among the top five states for worst credit scores, with an average FICO score of 695. Additionally, Georgia has the third-highest student loan debt per borrower in the nation at $41,651.
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Arizona also grapples with significant debt, with a per capita debt of $115,963 and residents carrying an average of 3.9 credit cards.
These financial struggles may be influencing voter sentiment in these states, many of which have been trending toward former President Donald Trump in recent elections. According to Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, the growing debt burden could partly explain this trend. “Americans associate Trump’s first term with lower interest rates, and he’s often promised to return rates to where they were,” Beene said. “If you’re looking to refinance debt, lower interest rates are important, and both candidates are likely to continue lowering them regardless of who wins.”
Polls show a tight race between Vice President Kamala Harris and Trump, with Harris leading by just 2 percentage points among likely voters, according to a Reuters/Ipsos poll. The outcome of the election will ultimately depend on the votes from these crucial swing states.
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