A Third of Californians Have Debt in Collections
By Brian Shields
Tue Jul 29th, 2014 8:55am America/Los_Angeles
SAN FRANCISCO (KRON) — A third of Californians are dodging calls from bill collectors according to a new study of the debt Americans carry.
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.
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