Total consumer debt increased faster in Hawaii than the nation, DBEDT report

Total consumer debt increased 4.1 percent for Hawaii consumers between the first and fourth quarter of 2017, higher than the 3.5 percent experienced at the national level, according to a report by the state Department of Business, Economic Development and Tourism.

The “2017 Quarterly Consumer Debt Report,” which was released on Tuesday, found that during the fourth quarter of 2017, Hawaii had a total of $82.1 billion total consumer debt, accounting for 0.6 percent of the total U.S. consumer…

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