Consumer Credit Conditions for California: 3rd Quarter 2011
Overall consumer debt in California continued to decline in the third quarter of 2011, consistent with national trends. The average debt per consumer (excluding first mortgages) in California was approximately $19,800 for Q3, which was higher than the national average of roughly $17,200. Average revolving debt per consumer in California, which includes balances related to bank cards, revolving home equity, and retail, was roughly $11,900 for Q3. Nationally, the figure was about $7,800. Total consumer debt and revolving debt have fallen since their peaks in 2009, but debt levels remain well above their levels from the earlier part of the decade.
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