Report Says Missourians Have Lower Debt

8 years 9 months 6 days ago Monday, August 29 2011 Aug 29, 2011 Monday, August 29, 2011 9:35:00 PM CDT August 29, 2011 in News
By: Katie Brennan
loading

COLUMBIA - A report released Monday from the Federal Reserve Bank of Kansas City said Missourians keep their debt in check. The report compared Missouri consumer debt levels to National consumer averages.

According to the report, Missouri residents on average owe less consumer debt than most Americans. It took into account debt from consumer spending on things like car loans, student loans and credit cards.

It showed that, while the average American owes $17,000 in consumer debt, the Missouri average is considerably lower at $14,000. Missourians also typically do not hold as much revolving debt as their national counterpart, with Americans at $7,700 and Missouri borrowers at $5,100.

Columbia resident Carolyn Paris shared why she thought Missouri has a better reputation. "Part of it is just the argricultural roots that we have, where we are a little bit more conservative and don't like to show off much. That may be part of it," she said.

While people in Missouri tend to borrow less, they still have difficulty paying back what they owe. The report shows Missouri to be right around national averages when it comes to deliquent payments on car and students loans, as well as credit cards.

More News

Grid
List
POPLAR BLUFF, Mo. (AP) — Authorities say a 9-year-old boy has drowned while swimming in a river in... More >>
5 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 11:29:00 PM CDT June 04, 2020 in News
KANSAS CITY — Kansas City Mayor Quinton Lucas says the city is making sweeping changes in police procedures... More >>
7 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 9:52:00 PM CDT June 04, 2020 in News
COLUMBIA - Boone County reported a second death from COVID-19 Wednesday. The first death in the county was... More >>
11 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 5:10:42 PM CDT June 04, 2020 in News
JEFFERSON CITY- As local leaders pick up the pieces and chart a path forward to deal with the widespread financial... More >>
12 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:58:00 PM CDT June 04, 2020 in News
JEFFERSON CITY- 300 members of the Missouri National Guard were deployed to Washington, D.C. on Thursday to help local authorities... More >>
12 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:41:00 PM CDT June 04, 2020 in News
COLUMBIA – While people are marching and chanting across the world to fight against racism, University of Missouri’s Black students... More >>
12 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:34:00 PM CDT June 04, 2020 in News
COLUMBIA - The oncology clinic at MU Women's and Children's hospital won't close after all, several sources told KOMU 8... More >>
12 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 4:08:00 PM CDT June 04, 2020 in News
COLUMBIA - A petition to remove the Thomas Jefferson statue from the University of Missouri quad is gaining momentum with... More >>
14 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 2:25:00 PM CDT June 04, 2020 in News
COLUMBIA — As state and commercial testing is more available for the Missourians, the number of confirmed cases is rising.... More >>
15 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 2:00:00 PM CDT June 04, 2020 in News
JEFFERSON CITY - Students will be back in classrooms this fall after Lincoln University announced earlier this week that they... More >>
16 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 12:31:00 PM CDT June 04, 2020 in News
MINNEAPOLIS— NBC News is streaming George Floyd's memorial service at 1 p.m. Central Time. Floyd died in police custody... More >>
16 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 12:28:29 PM CDT June 04, 2020 in News
(CNN) -- Most of Google's US workforce has been working remotely since March due to the coronavirus. And last month,... More >>
17 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 11:30:08 AM CDT June 04, 2020 in A Brighter Tomorrow
KANSAS CITY (AP) — Civil rights organizations on Wednesday called for the resignation of Kansas City Police Chief Rick Smith,... More >>
20 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 8:23:02 AM CDT June 04, 2020 in News
COLUMBIA - The MU Faculty Council voted against the recommendation to start the fall semester a week early at its... More >>
21 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 7:21:00 AM CDT June 04, 2020 in News
COOPER COUNTY - One man is dead after crashing his ATV in Cooper County on Wednesday night. According to... More >>
22 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 6:55:00 AM CDT June 04, 2020 in News
As COVID-19 continues to spread, KOMU 8 will continue to update you about the impacts in the community. You... More >>
22 hours ago Thursday, June 04 2020 Jun 4, 2020 Thursday, June 04, 2020 6:19:00 AM CDT June 04, 2020 in News
ST. LOUIS — St. Louis County Executive Sam Page on Wednesday asked protesters who didn't wear masks or socially distance... More >>
1 day ago Wednesday, June 03 2020 Jun 3, 2020 Wednesday, June 03, 2020 9:53:18 PM CDT June 03, 2020 in News
COLUMBIA - Over the past week, the Columbia community has created lists of local black-owned businesses to support all over... More >>
1 day ago Wednesday, June 03 2020 Jun 3, 2020 Wednesday, June 03, 2020 6:02:00 PM CDT June 03, 2020 in News
Columbia, MO
Broken Clouds 68°
5am 69°
6am 69°
7am 71°
8am 74°