| Total |
100.0% |
100.0% |
100.0% |
100.0% |
| Home-secured debt |
75.2 |
75.2 |
74.7 |
74.1 |
| Installment loans |
12.3 |
11.0 |
10.2 |
11.1 |
| Other residential property |
6.2 |
8.5 |
10.1 |
9.8 |
| Credit card balances |
3.4 |
3.0 |
3.5 |
2.9 |
| Other debt |
2.3 |
1.6 |
1.1 |
1.1 |
| Other lines of credit |
0.5 |
0.7 |
0.4 |
1.0 |
| Purpose of debt |
|
|
|
|
| Total |
100.0% |
100.0% |
100.0% |
100.0% |
| Home purchase |
70.9 |
70.2 |
69.5 |
69.5 |
| Other residential property |
6.5 |
9.5 |
10.8 |
10.5 |
| Goods and services |
5.8 |
6.0 |
6.2 |
5.7 |
| Education |
3.1 |
3.0 |
3.6 |
5.2 |
| Vehicles |
7.8 |
6.7 |
5.5 |
4.7 |
| Investment, excluding real estate |
2.8 |
2.2 |
1.6 |
2.0 |
| Home improvement |
2.0 |
1.9 |
2.3 |
1.9 |
| Other |
1.1 |
0.6 |
0.5 |
0.4 |
| Type of lending institution |
|
|
|
|
| Total |
100.0% |
100.0% |
100.0% |
100.0% |
| Commercial bank |
34.1 |
35.1 |
37.3 |
45.1 |
| Mortgage or real estate lender |
38.0 |
39.4 |
41.6 |
26.9 |
| Brokerage |
3.1 |
2.5 |
1.6 |
6.9 |
| Credit union |
5.5 |
3.6 |
4.2 |
5.1 |
| Thrift institution (1) |
6.1 |
7.3 |
4.2 |
4.1 |
| Finance or loan company |
4.3 |
4.1 |
3.4 |
4.0 |
| Credit and store cards |
3.7 |
3.0 |
3.6 |
2.9 |
| Other nonfinancial |
1.4 |
2.0 |
2.0 |
2.4 |
| Individual lender |
2.0 |
1.7 |
1.4 |
1.0 |
| Government |
1.1 |
0.7 |
0.4 |
0.8 |
| Other loans |
0.5 |
0.2 |
0.2 |
0.5 |
| Pension account |
0.3 |
0.3 |
0.2 |
0.4 |
|
(1) Savings and loan association or savings bank.
Note: Latest data available. Based on surveys conducted every three years.
Source: Survey of Consumer Finances, Board of Governors of the Federal Reserve System.