Here's how many people are behind on debt payments in Cameron Parish, Louisiana

Written by:
January 31, 2024
Syda Productions // Shutterstock

Here's how many people are behind on debt payments in Cameron Parish, Louisiana

Household debt reached a record $17.29 trillion in the third quarter of 2023, according to the New York Federal Reserve.

Excluding housing debt, the total was $4.8 trillion, up 6.4% from the same period a year earlier. Delinquencies of over 90 days have been rising steadily since 2021, although they are still at low levels by historical standards.

Stacker analyzed data from the think tank Urban Institute to find out where people are most likely to miss their debt payments. This data shows that excluding mortgages, 26% of American adults were significantly late on their debt payments in February 2022. The median debt in collections totaled $1,739, with unpaid medical bills being the most common.

The Urban Institute's numbers also show that nonwhite households tend to have much higher rates of default than white households and that households in less affluent counties tend to have higher debt default rates than wealthier ones.

Based on the think tank's data, Stacker estimates that a household living in a predominantly white county with an income of $150,000 has roughly a 13% chance of being seriously delinquent in its debt payments. In comparison, a household living in a predominantly nonwhite county with an income of $50,000 has a 47% chance of having debt in collections.

Academic research from the National Bureau of Economic Research published in 2019—using more granular data and sophisticated statistical techniques—found other factors, such as a borrower's credit history and total loan balances, matter a great deal, too.

1 / 1
Stacker

Debt in Cameron Parish by the numbers

32.2% of residents have debt in collections.
-- owing a median amount of $1,938.00
- 23.27% of residents have medical debt in collections
- Data on student loans are unavailable
- 0.97% of residents are at least 60 days delinquent on their car/retail loans
- 3.96% of residents are delinquent on their credit card payments

This story features data reporting and writing by Wade Zhou and is part of a series utilizing data automation across 3,017 counties.

Explore by Metro

Acadia Parish

Explore

Alexandria

Explore

Allen Parish

Explore

Ascension Parish

Explore

Assumption Parish

Explore

Avoyelles Parish

Explore

Baton Rouge

Explore

Beauregard Parish

Explore

Bienville Parish

Explore

Bossier Parish

Explore

Caddo Parish

Explore

Calcasieu Parish

Explore

Caldwell Parish

Explore

Cameron Parish

Explore

Catahoula Parish

Explore

Claiborne Parish

Explore

Concordia Parish

Explore

De Soto Parish

Explore

East Baton Rouge Parish

Explore

East Carroll Parish

Explore

East Feliciana Parish

Explore

Evangeline Parish

Explore

Franklin Parish

Explore

Grant Parish

Explore

Hammond

Explore

Houma

Explore

Iberia Parish

Explore

Iberville Parish

Explore

Jackson Parish

Explore

Jefferson Davis Parish

Explore

Jefferson Parish

Explore

LaSalle Parish

Explore

Lafayette

Explore

Lafayette Parish

Explore

Lafourche Parish

Explore

Lake Charles

Explore

Lincoln Parish

Explore

Livingston Parish

Explore

Madison Parish

Explore

Monroe

Explore

Morehouse Parish

Explore

Natchitoches Parish

Explore

New Orleans

Explore

Ouachita Parish

Explore

Plaquemines Parish

Explore

Pointe Coupee Parish

Explore

Rapides Parish

Explore

Red River Parish

Explore

Richland Parish

Explore

Sabine Parish

Explore

Shreveport

Explore

St. Bernard Parish

Explore

St. Charles Parish

Explore

St. Helena Parish

Explore

St. James Parish

Explore

St. John the Baptist Parish

Explore

St. Landry Parish

Explore

St. Martin Parish

Explore

St. Mary Parish

Explore

St. Tammany Parish

Explore

Tangipahoa Parish

Explore

Tensas Parish

Explore

Terrebonne Parish

Explore

Union Parish

Explore

Vermilion Parish

Explore

Vernon Parish

Explore

Washington Parish

Explore

Webster Parish

Explore

West Baton Rouge Parish

Explore

West Carroll Parish

Explore

West Feliciana Parish

Explore

Winn Parish

Explore

Trending Now