"California consumer debt was, on average, 1.9% past due for all of 2025, much better than the 3% of delinquent consumer debt nationwide. For California's two main economic rivals, Texas and Florida, tardiness was 3.9%. However, one trend is fairly universal: skipped bills rose last year."
"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."
"California's secret sauce: by most broad measurements of income, Golden State paychecks are relatively hefty. California was at $90,400 per-capita income for 2025's third quarter, fourth-highest among the states."
California's consumer debt delinquency rate of 1.9% in 2025 significantly outperforms the national average of 3% and competitors Texas and Florida at 3.9%, according to New York Fed credit data. While delinquencies increased from 2024 levels across all regions, rates remain below pre-pandemic 2015-2019 levels. California's 1.4% delinquency in 2024 rose to 1.9% in 2025, yet stayed below the historical 2.2% rate. National delinquencies increased from 1.9% to 2.8%, and Texas exceeded its historical 3.8% rate. California's superior performance stems from relatively high per-capita income of $90,400, the fourth-highest nationally, enabling residents to manage financial obligations despite economic challenges.
#consumer-debt-delinquency #california-economy #bill-payment-rates #per-capita-income #financial-stress-indicators
Read at www.ocregister.com
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