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Debt higher in Colorado than national average

Debt higher in Colorado than national average

Average consumer debt in Colorado, excluding first mortgages, declined for the third consecutive quarter to $18,816, according to the Federal Reserve Bank of Kansas City’s latest Consumer Credit Reports. In Colorado Springs, 5.2 percent of mortgages are past due, or 30 days or more delinquent, including those in foreclosure, according to the Fed. Also, 2.5… Continue Reading Debt higher in Colorado than national average

Consumers in Colorado are about $20,000 in debt, a little more than the national average. The figures were released this week by the Federal Reserve Bank of Kansas City in its quarterly 2011 report of seven states in the Tenth Federal Reserve District. Overall, consumer debt in Colorado declined slightly in the second quarter, which… Continue Reading Average Coloradan’s debt higher than national average

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