A report reveals that Utah has one of the highest rates of household debt growth in the U.S., with residents adding over $1 billion in debt between the second and third quarters of 2024. The average household increased its debt by more than $1,000, ranking just behind Colorado, California, and Hawaii. Rising housing costs are impacting budgets, leading financial experts to recommend that individuals review their expenses and save for emergencies to mitigate further debt accumulation.
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