Utahns feel steady about finances — even as household debt climbs

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Utah's consumer sentiment dropped 8.4% from September to October, but remained above the national average on Thursday.

Despite optimism, Utah ranks fourth in household debt increase, with $831 in personal debt added on average.

WalletHub suggested increased debt may indicate financial struggles or inflation impacts on residents.

SALT LAKE CITY — Utahns appear to be in a similar financial situation to a year ago, according to Zions Bank's consumer sentiment index for last month, published in partnership with the University of Utah.

Utah's consumer sentiment dropped by 8.4% from September to October, 80.1 to 73.4.

The Beehive State's consumer sentiment remains higher than the national average, however.

A similar survey conducted by the U