With the holiday shopping season in full swing, the personal finance website WalletHub analyzed the 50 states and the District of Columbia to analyze consumer spending habits and determine which states' residents are most at risk for spending more than they earn.

The list is based on several spending and debt factors in each state, adjusted for income and the cost of living. Among the factors WalletHub looked at were food and beverage spending; spending on housing, utilities and health care; and auto and credit card debt. 

WalletHub found that the following states are home to consumers who spend the most money as a percentage of their incomes.

The states are listed in ascending order.

No. 10
Georgia

Ranked among the highest for automobile and credit card debt and for food and beverage spending.

No. 9
Montana

Ranked among the highest for the number of automobiles per household and gasoline purchased. However, the state ranks among the lowest for the percentage of residents that spend more than they earn. 

No. 8
Tennessee

Ranked among the highest for food and beverage spending.

No. 7
Indiana

Ranked among the highest for food and beverage spending, it is also among the highest for spending on health care.

No. 6
Missouri

Ranked among the highest for spending on health care and also for the percentage of residents spending more than they earn.

No. 5
Utah

In three categories -- housing and utilities, food and beverage spending and the number of automobiles per household -- Utah residents ranked among the biggest spenders.

No. 4
Alabama

Ranked among the highest spenders for housing and utilities and for automobile and credit card debt.

No. 3
New Mexico

This state's residents also ranked among the highest spenders in three categories -- housing and utilities; food and beverage spending; and automobile and credit card debt.

No. 2
Idaho

Ranked among the highest spenders for gasoline and for housing and utilities.

No. 1
Mississippi

Ranked among the states with the highest percentage of residents spending more than they earn. The states' residents are also among the biggest spenders for health care and for automobile and credit card debt.