With Americans’ debt around $17.7 trillion, the personal-finance website WalletHub today released its report on the Cities Paying Off the Most Household Debt, based on recently released data from the Federal Reserve.
Santa Clarita Stats
-Overall Rank: 1st
-Decrease in Santa Clarita Debt: The average household debt in Santa Clarita decreased by $3,687 in Q1 2024.
-Average Santa Clarita Household Debt: The average household in Santa Clarita owes $444,739 in debt.National Stats
-Q1 Results: Total household debt decreased by $135 billion during Q1 2024, which is 6% less than the same time last year.
-Household Average: The average household owed a total of $147,489 at the end of Q1 2024, only $13,694 below the all-time high.
-Total Debt to Deposits Ratio: Despite increasing recently, the ratio of total household debt to deposits indicates consumers are in good shape, as it’s still below pre-Covid levels and roughly 47% lower than its early 2000s peak.
-Total Debt to Assets: The ratio between total household debt and assets continues to be at a very healthy level of around 9.8%.
Like this:
Like Loading...
Related
REAL NAMES ONLY: All posters must use their real individual or business name. This applies equally to Twitter account holders who use a nickname.
0 Comments
You can be the first one to leave a comment.