Midwestern Consumers Take On More Debt, Delinquencies Down

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Consumers in Missouri and six other Midwestern states took on slightly more debt in the third quarter, according to a Monday report by the Federal Reserve Bank of Kansas City.

Residents of the 10th District, which also includes Kansas, Oklahoma, Nebraska, Colorado, Wyoming and New Mexico, held $15,550 in debt in the third quarter, compared with $15,480 in the second quarter. The national average is $17,300.

The report also noted that credit, student and auto loan delinquency fell slightly and that mortgage delinquency saw a slight uptick.

Read more in the Kansas City Business Journal

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