WalletHub ranking of financial distress for the residents of 100 U.S. cities,<\/a> including 17 in California. The analysis compared local credit scores, late bill payments, bankruptcy filings and online searches for debt or loans to quantify where individuals had the largest money challenges.<\/p>\nWhen California cities were divided into three geographic regions \u2013 Southern California, the Bay Area, and anything inland \u2013 the most challenges were often found far from the coast.<\/p>\n
The average national ranking of the six inland cities was 39th worst for distress, the most troubled grade among the state\u2019s slices.<\/p>\n
Bakersfield received the inland region\u2019s worst score, ranking No. 24 highest nationally for financial distress. That was followed by Sacramento (30th), San Bernardino (39th), Stockton (43rd), Fresno (45th), and Riverside (52nd).<\/p>\n
Southern California\u2019s seven cities overall fared better, with an average national ranking of 56th largest financial problems.<\/p>\n
However, Los Angeles had the state\u2019s ugliest grade, ranking fifth-worst nationally for monetary distress. Then came San Diego at 22nd-worst, then Long Beach (48th), Irvine (70th), Anaheim (71st), Santa Ana (85th), and Chula Vista (89th).<\/p>\n
Monetary challenges were limited in the Bay Area. Its four cities average rank was 69th worst nationally.<\/p>\n
San Jose had the region\u2019s most distressed finances, with a No. 50 worst ranking. That was followed by Oakland (69th), San Francisco (72nd), and Fremont (83rd).<\/p>\n
The results remind us that inland California\u2019s affordability \u2013 it\u2019s home to the state\u2019s cheapest housing, for example \u2013 doesn\u2019t fully compensate for wages that typically decline the farther one works from the Pacific Ocean.<\/p>\n
A peek inside the scorecard\u2019s grades shows where trouble exists within California.<\/p>\n
Credit scores were the lowest inland, with little difference elsewhere. Late payments were also more common inland. Tardy bills were most difficult to find in Northern California.<\/p>\n
Bankruptcy problems also were bubbling inland, but grew the slowest in Southern California. And worrisome online searches were more frequent inland, while varying only slightly closer to the Pacific.<\/p>\n
Note: Across the state\u2019s 17 cities in the study, the No. 53 average rank is a middle-of-the-pack grade on the 100-city national scale for monetary woes.<\/p>\n
Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at jlansner@scng.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Inland California\u2019s relative affordability cannot always relieve financial stress. My spreadsheet reviewed a WalletHub ranking of financial distress…\n","protected":false},"author":2,"featured_media":196692,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[389,184,387,7,9,8,400,332,383,394,384,181,858,1338,100,143,395,15630,13,101,396,88,397,198,200],"class_list":{"0":"post-196691","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-california","8":"tag-alameda-county","9":"tag-bay-area","10":"tag-business","11":"tag-california","12":"tag-california-headlines","13":"tag-california-news","14":"tag-california-politics","15":"tag-east-bay","16":"tag-economy","17":"tag-fremont","18":"tag-inflation","19":"tag-latest-headlines","20":"tag-monterey-county","21":"tag-morning-wire","22":"tag-news","23":"tag-oakland","24":"tag-peninsula","25":"tag-personal-finance","26":"tag-politics","27":"tag-san-francisco","28":"tag-san-francisco-county","29":"tag-san-jose","30":"tag-san-mateo-county","31":"tag-santa-clara-county","32":"tag-south-bay"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/196691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=196691"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/196691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/196692"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=196691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=196691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=196691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}