1 Day
Source:
New York Post
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California leads in city credit debt
Several California cities ranked among the top in the U.S. for credit card debt, with Santa Clarita leading nationally due to high household balances. Overall, Americans held $1.4 trillion in credit card debt at the end of the first quarter, with delinquency rates reaching the highest levels in 15 years. Despite a decline from the peak in 2008, total household debt remains elevated, prompting increased political scrutiny of financial burdens and state liabilities in California.
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