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Just to give the full number the average Californian owes $132,655 with National Debt, State Debt and Consumer Debt (including mortgage, car, etc...) U.S. Debt
by TomOfTTB 16y ago
Just to give the full number the average Californian owes $132,655 with National Debt, State Debt and Consumer Debt (including mortgage, car, etc...)
U.S. Debt: http://www.usdebtclock.org/index.html http://www.usdebtclock.org/index.html
California Debt:http://www.usdebtclock.org/state-debt-clocks/state-of-california-debt-clock.html http://www.usdebtclock.org/state-debt-clocks/state-of-califo...
Consumer Debt: http://www.youngmoney.com/get_out_of_debt/california-leads-nation-in-consumer-debt/ http://www.youngmoney.com/get_out_of_debt/california-leads-n...
(Though that doesn't include the estimated $1,012,540 per citizen in unfunded liabilities)
- rbranson 16y agoLet's not conflate "unfunded liabilities" with actual current debt load though. While both dollar figures, they are wildly different in nature.
- TomOfTTB 16y agoI specifically didn't include them in the total for just that reason
- kevin_morrill 16y agoYes, but when Social Security money suddenly doesn't show up for a whole generation of people depending on it to retire, and in many cases no longer able bodied to work, the turmoil will be plenty upsetting.