Current Table

DEBT HELD BY FAMILIES BY TYPE OF DEBT, 2001-2010
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Percentage of families holding debt (1) Home-secured Other residential property Installment loans Credit card balances Other lines of credit Other Any debt
2001 44.6% 4.6% 45.2% 44.4% 1.5% 7.2% 75.1%
2004 47.9 4.0 46.0 46.2 1.6 7.6 76.4
2007 48.7 5.5 46.9 46.1 1.7 6.8 77.0
2010 47.0 5.3 46.3 39.4 2.1 6.4 74.9
By age of family head, 2010              
Under 35 34.0 2.9 61.9 38.7 1.8 5.5 77.8
35 to 44 57.6 5.1 60.0 45.6 2.2 8.6 86.0
45 to 54 60.4 7.6 49.8 46.2 2.7 9.7 84.1
55 to 64 53.6 7.6 40.7 41.3 3.0 6.7 77.7
65 to 74 40.5 5.0 30.4 31.9 1.2 2.3 65.2
75 and over 24.2 2.9 12.3 21.7 (2) 2.0 38.5
Percentiles of income, 2010 (3)              
Less than 20 14.8 1.3 34.1 23.2 1.2 4.2 52.5
20 to 39.9 29.6 1.7 40.8 33.4 2.2 4.2 66.8
40 to 59.9 51.6 3.5 49.9 45.0 2.1 6.8 81.8
60 to 79.9 65.4 6.0 56.6 53.1 1.9 7.8 86.9
80 to 89.9 74.5 9.1 58.8 51.0 2.0 11.8 88.9
90 to 100 72.8 19.4 41.8 33.6 3.7 6.6 84.5

(1) Families include one-person units.
(2) Ten or fewer observations.
(3) Ranges represent percentiles rather than income levels. A percentile is a statistical ranking point. The 50th percentile represents the midpoint of all values. For example, at the 50th percentile half of the families in the ranking fall above this income level and half fall below.

Note: Latest data available. Based on surveys conducted every three years.

Source: Survey of Consumer Finances, Board of Governors of the Federal Reserve System.

 

Archived Tables

DEBT HELD BY FAMILIES BY TYPE OF DEBT, 1998-2007
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Percentage of families holding debt (1) Home-secured Other residential property Installment loans Credit card balances Other lines of credit Other Any debt
1998 43.1% 5.1% 43.7% 44.1% 2.3% 8.8% 74.1%
2001 44.6 4.6 45.2 44.4 1.5 7.2 75.1
2004 47.9 4.0 46.0 46.2 1.6 7.6 76.4
2007 48.7 5.5 46.9 46.1 1.7 6.8 77.0
By age of family head, 2007              
Under 35 37.3 3.3 65.2 48.5 2.1 5.9 83.5
35 to 44 59.5 6.5 56.2 51.7 2.2 7.5 86.2
45 to 54 65.5 8.0 51.9 53.6 1.9 9.8 86.8
55 to 64 55.3 7.8 44.6 49.9 1.2 8.7 81.8
65 to 74 42.9 5.0 26.1 37.0 1.5 4.4 65.5
75 and over 13.9 0.6 7.0 18.8 (2) 1.3 31.4
Percentiles of income, 2007 (3)              
Less than 20 14.9 1.1 27.8 25.7 (2) 3.9 51.7
20 to 39.9 29.5 1.9 42.3 39.4 1.8 6.8 70.2
40 to 59.9 50.5 2.6 54.0 54.9 (2) 6.4 83.8
60 to 79.9 69.7 6.8 59.2 62.1 2.1 8.7 90.9
80 to 89.9 80.8 8.5 57.4 55.8 (2) 9.6 89.6
90 to 100 76.4 21.9 45.0 40.6 2.1 7.0 87.6

(1) Families include one-person units.
(2) Ten or fewer observations.
(3) Ranges represent percentiles rather than income levels. A percentile is a statistical ranking point. The 50th percentile represents the midpoint of all values. For example, at the 50th percentile half of the families in the ranking fall above this income level and half fall below.

Note: Latest data available. Based on surveys conducted every three years.

Source: Survey of Consumer Finances, Board of Governors of the Federal Reserve System.