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.
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.
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