Americans currently exceed $13 trillion dollars of outstanding household debt. Within that amount, $9 trillion is related to mortgage balances, $1.5 trillion is related to educational loans, and $2 trillion is split evenly between both auto loans and credit card debt. Very few households around the world utilize debt as freely as the United States' households do. When household debt is measured against GDP, the United States' 77.30% ranks as the 11th highest percentage in the world.
How does all of this relate to New Jersey and its residents' habits?