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May 15, 2026 11:20

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3 California cities lead US in paying off household debt, report finds

Anaheim, Santa Clarita, Fremont, San Jose, money, economy, housing

A new WalletHub report shows that three California cities are leading the nation in reducing household debt. - Santa Clarita saw the largest drop, with average debt falling by $9,237.

- Fremont and San Jose followed with decreases of $7,314 and $6,230, respectively. - Nationwide, household debt fell by $339 billion in Q1 2026.

- Other California cities in the top 10 include Irvine, Rancho Cucamonga, Huntington Beach, and Chula Vista. The report highlights that wealthier, credit-responsible residents in these cities are driving the trend, though debt reduction rates vary widely across the country.

This story was originally reported by vvdailypress. Read the original article here.

Summarized by CaliforniaToday AI.

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