CONF10 Ohioans are cutting their household debt and feeling confident about their ability to manage it, the latest Buckeye State Poll shows.
Economists credit a strong national economy and a booming job market for the optimism.
The Ohio Consumer Debt Index fell to 90.0 in August from its July level of 93.9. The index measures credit-card use, debt levels and debt stress. Consumers are really paying off their credit cards,'' said Lucia Dunn, an Ohio State University economist who works with the index. We're seeing this on a national level, too. Along with reducing their debt, Ohio consumers also are feeling more confident about their ability to manage it.