SF, San Jose Residents Some of the Least Debt-Ridden in the Country #realestate #homeownership #finance

Source:  Curbed

The Urban Institute (UI), a think tank created by then President Lyndon Johnson in 1968 to address American quality of life, released an interactive map illustrating which U.S. counties' residents carry the most personal debt.

It turns out San Francisco is one of the least debt-ridden places in the country.
On average, 33 percent of U.S. households have some debt in collection, defined as "past-due credit lines that have been closed [...] as well as unpaid bills reported to the credit bureaus that the creditor is attempting to collect" and extrapolated from "identified, consumer-level records from a major credit bureau."

But in San Francisco, it's a mere 16 percent, tied with Santa Clara County.  That's not the lowest in the country - a handful of places manage to dip down to single digits.

But it's one of the lowest rates in California, bested only by wealthy Marin County, which UI estimates at a rate of just 15 percent.

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