“Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead.
Buzz: Californians may have huge debts, but they’re apparently making loan payments better than most Americans.
Source: My trusty spreadsheet analyzed the Federal Reserve Bank of New York’s quarterly study of credit files. The data includes the size and payments of consumer debts in 11 big states and the nation through June 2022 quarter. These stats look only at people with credit histories — a sizable but not complete slice of the population. Debt levels are tracked as a per-person average.
Just how big are California consumer debts?
Well, they equaled $81,360 per person
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