ChemEngineer
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- Feb 5, 2019
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California is SECOND in debt behind only Colorado says Forbes.PLUS...
About 143.73 billion U.S. dollars
California has the fifth-highest debt of any state, with total liabilities coming out to $362.87 billion1. Total assets come out to $301.1 billion, creating a $55.96 billion net debt and giving California a debt ratio of 120.5%1. In the fiscal year of 2021, California's state debt stood at about 143.73 billion U.S. dollars. By the fiscal year of 2027, this is expected to increase to about 188.54 billion U.S. dollars2.
America's Debt Position By State And Worldwide
Consumer debt—including credit card balances and auto loans—has ballooned in 2023, and state budgets have been impacted too. When a state owes more than it brings in, its residents may face financial insecurity due to budget cuts and tax increases. Consumers may also have high costs of living and ou
www.forbes.com