"Despite a financial squeeze, Californians manage their bills better than many states, with a 10th lowest rate of delinquent student loans at 18%."
"The latest findings highlight that while California faces bill-payment challenges, it still fares better than the national average of 23% delinquent student loans."
"At the beginning of 2025, California saw a slight uptick in late payments, but the overall delinquency rate remains significantly lower than the historical average."
"While California's student loans account for only 5% of its total debt, understanding the trends in repayment sheds light on broader economic conditions."
California's bill payment habits show resilience amid financial pressures, particularly regarding student loans, where the state recorded an 18% delinquency rate, below the national average of 23%. The analysis from 2003 to Q1 2025 indicates that while California's overall debt delinquency rose to 1.9%, it still remains lower than the historical average of 3.6%. Furthermore, student loans represent a manageable portion of California's debt, prompting a need for continued monitoring post-repayment reprieves.
Read at www.ocregister.com
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