"The New York Fed report shows that 1.9% of California consumer debt was, on average, 90 days or more past due for all of 2025. My trusty spreadsheet found that this is much better than the 3% of delinquent consumer debt nationwide. For California's two main economic rivals, Texas and Florida, tardiness was 3.9%."
"Think about California's 2025 tardiness. Delinquencies are up from 1.4% in 2024 but remain below the 2.2% slow-pay rate of 2015-19. It's the same nationally: Last year saw a delinquency boost from the 1.9% tardiness of 2024, but below the 3.3% rate of 2015-19."
"We often forget California's secret sauce: by most broad measurements of income, Golden State paychecks are relatively hefty. Ponder per-capita income for 2025's third quarter. California was at $90,400, fourth-highest among th"
California demonstrates superior bill-paying performance compared to national averages and rival states Texas and Florida, with only 1.9% of consumer debt 90 days or more past due in 2025, versus 3% nationally and 3.9% in Texas and Florida. While delinquency rates increased across all regions in 2025, they remain below pre-pandemic levels from 2015-2019. California's delinquency rose from 1.4% in 2024 to 1.9% in 2025, but stays below the 2.2% rate of 2015-2019. This pattern holds nationally and in Florida, though Texas exceeded its pre-pandemic delinquency rate. California's relatively high per-capita income serves as a key factor enabling better bill payment performance despite economic headwinds.
#consumer-debt-delinquency #california-economy #bill-payment-trends #per-capita-income #financial-stress-indicators
Read at The Mercury News
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