A Third of Californians Have Debt in Collections

SAN FRANCISCO (KRON) — A third of Californians are dodging calls from bill collectors according to a new study of the debt Americans carry.

Read the Report

A newly released report from the Urban Institute shows the typical California household is nearly $70,000 in debt on average income of a little more than $83,000.

California also has the third highest median home price at $354,581 behind only Hawaii and the District of Columbia.

Interestingly the states with the highest level of debts in collection have some of the lower housing prices. More than 44% of people in South Carolina, Mississippi, and Texas are in collections while the median house price in each of those states is just more than $100,000.

(Copyright 2014, KRON 4, All rights reserved.)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s