Business

Kansas consumer debt moves slightly higher from year ago

Average consumer debt in Kansas in the third quarter of 2014 climbed slightly from a year ago, but remained below the national average.

That’s according to the Kansas City Federal Reserve Bank’s Consumer Credit Report Kansas, released Monday.

The report said average consumer debt in the three-month period that ended Sept. 30 was $16,127, $110 higher than the same quarter a year ago and $22 higher than the Kansas City Fed district average of $16,105 in the third quarter of 2014.

The Kansas City district includes Colorado, Kansas, western Missouri, Nebraska, northern New Mexico, Oklahoma and Wyoming.

The U.S. average consumer debt in third quarter of 2014 was $17,205, the report said.

The report also said that delinquency rates on Kansas consumer debt were below national rates in all categories in the third quarter of 2014.

The Kansas City district includes

The Kansas City Fed started the consumer debt report in 2011. It publishes the report twice a year, in the first and third quarters of the calendar year.

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