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The average American household has $137,063 in debt, according to Federal Reserve data.
The largest source of household debt is mortgages, followed by student loans, auto loans and credit cards.
According to the U.S. Census Bureau, the median household income was $59,039 last year.
Read more from The Motley Fool.
A safe room and classroom addition at Willard Central Elementary School will be used by the music, arts and athletic programs for a district that had 4,536 students last year, according to Missouri Department of Elementary and Secondary Education figures, but school officials say enrollment is projected to grow.