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All Abstracts > Statistical Abstract of the United States > 2002 Edition > Banking, Finance, and Insurance > Financial Debt Held by Families by Type of Debt
Table 1145

Financial Debt Held by Families by Type of Debt

Median debt in thousands of constant 1998 dollars (19.9 represents $19,900). Constant dollar figures are based on consumer price index data published by U.S. Bureau of Labor Statistics. Families include one-person units; for definition of family, see text, section 1. Based on Survey of Consumer Finance; see Appendix III. For definition of median, see Guide to Tabular Presentation

http://www.federalreserve.gov/rnd.htm

 
199219951998
Financial Debt Held by Families by Type of Debt1   
$10,000 To $24,999Any DebtPercent Of Families Holding Debts64.465.863.7
Credit Card Balances2Percent Of Families Holding Debts38.341.237.9
Home-secured Debt3Percent Of Families Holding Debts20.723.921.3
Installment4Percent Of Families Holding Debts41.938.934.4
Other Debt5Percent Of Families Holding Debts6.08.17.0
Other Lines Of CreditPercent Of Families Holding Debts(B)7(B)71.2
Other Residential PropertyPercent Of Families Holding Debts1.71.31.8
$100,000 And MoreAny DebtPercent Of Families Holding Debts87.785.387.8
Credit Card Balances2Percent Of Families Holding Debts34.941.240.4
Home-secured Debt3Percent Of Families Holding Debts74.472.773.4
Installment4Percent Of Families Holding Debts40.539.743.2
Other Debt5Percent Of Families Holding Debts16.513.514.8
Other Lines Of CreditPercent Of Families Holding Debts5.34.62.6
Other Residential PropertyPercent Of Families Holding Debts23.519.716.4
$25,000 To $49,999Any DebtPercent Of Families Holding Debts82.382.279.6
Credit Card Balances2Percent Of Families Holding Debts55.254.549.9
Home-secured Debt3Percent Of Families Holding Debts43.344.943.7
Installment4Percent Of Families Holding Debts54.853.750.0
Other Debt5Percent Of Families Holding Debts10.48.77.7
Other Lines Of CreditPercent Of Families Holding Debts2.82.22.9
Other Residential PropertyPercent Of Families Holding Debts4.63.94.1
$50,000 To $99,999Any DebtPercent Of Families Holding Debts84.989.489.4
Credit Card Balances2Percent Of Families Holding Debts52.162.856.7
Home-secured Debt3Percent Of Families Holding Debts65.667.671.0
Installment4Percent Of Families Holding Debts52.260.055.0
Other Debt5Percent Of Families Holding Debts8.48.612.2
Other Lines Of CreditPercent Of Families Holding Debts3.33.13.3
Other Residential PropertyPercent Of Families Holding Debts9.67.07.7
35 To 44 Years OldAny DebtPercent Of Families Holding Debts86.386.987.6
Credit Card Balances2Percent Of Families Holding Debts50.955.951.3
Home-secured Debt3Percent Of Families Holding Debts55.554.358.7
Installment4Percent Of Families Holding Debts57.859.753.3
Other Debt5Percent Of Families Holding Debts11.510.511.4
Other Lines Of CreditPercent Of Families Holding Debts3.32.13.6
Other Residential PropertyPercent Of Families Holding Debts7.14.96.7
45 To 54 Years OldAny DebtPercent Of Families Holding Debts85.486.387.0
Credit Card Balances2Percent Of Families Holding Debts48.956.452.5
Home-secured Debt3Percent Of Families Holding Debts61.461.858.8
Installment4Percent Of Families Holding Debts49.953.351.2
Other Debt5Percent Of Families Holding Debts10.413.011.1
Other Lines Of CreditPercent Of Families Holding Debts2.62.23.6
Other Residential PropertyPercent Of Families Holding Debts9.38.46.7
55 To 64 Years OldAny DebtPercent Of Families Holding Debts70.173.776.4
Credit Card Balances2Percent Of Families Holding Debts37.243.245.7
Home-secured Debt3Percent Of Families Holding Debts40.845.249.4
Installment4Percent Of Families Holding Debts38.834.837.9
Other Debt5Percent Of Families Holding Debts9.67.88.3
Other Lines Of CreditPercent Of Families Holding Debts1.61.71.6
Other Residential PropertyPercent Of Families Holding Debts9.98.37.8
65 To 74 Years OldAny DebtPercent Of Families Holding Debts51.553.451.4
Credit Card Balances2Percent Of Families Holding Debts32.130.529.2
Home-secured Debt3Percent Of Families Holding Debts18.524.726.0
Installment4Percent Of Families Holding Debts23.016.520.2
Other Debt5Percent Of Families Holding Debts6.05.44.1
Other Lines Of CreditPercent Of Families Holding Debts1.01.3(B)7
Other Residential PropertyPercent Of Families Holding Debts3.13.55.1
75 Years Old And OverAny DebtPercent Of Families Holding Debts31.628.424.6
Credit Card Balances2Percent Of Families Holding Debts20.117.511.2
Home-secured Debt3Percent Of Families Holding Debts8.66.811.5
Installment4Percent Of Families Holding Debts8.38.84.2
Other Debt5Percent Of Families Holding Debts4.42.92.0
Other Lines Of CreditPercent Of Families Holding Debts(B)7(B)7(B)7
Other Residential PropertyPercent Of Families Holding Debts0.71.01.8
Any DebtPercent Of Families Holding Debts73.274.574.1
Credit Card Balances2Percent Of Families Holding Debts43.747.344.1
Home-secured Debt3Percent Of Families Holding Debts39.141.043.1
Installment4Percent Of Families Holding Debts46.045.943.7
Less Than $10,000Any DebtPercent Of Families Holding Debts47.347.241.7
Credit Card Balances2Percent Of Families Holding Debts23.323.920.6
Home-secured Debt3Percent Of Families Holding Debts9.19.08.3
Installment4Percent Of Families Holding Debts29.925.125.7
Other Debt5Percent Of Families Holding Debts4.46.13.6
Other Lines Of CreditPercent Of Families Holding Debts(B)7(B)7(B)7
Other Residential PropertyPercent Of Families Holding Debts(B)71.6(B)7
Median Debt6$10,000 To $24,999Any Debt5.68.48.0
Credit Card Balances20.91.31.0
Home-secured Debt321.729.734.2
Installment43.13.86.0
Other Debt50.91.21.3
Other Lines Of Credit(B)7(B)71.1
Other Residential Property3.619.134.0
$100,000 And MoreAny Debt115.3114.8135.4
Credit Card Balances22.52.73.2
Home-secured Debt3102.8105.2123.8
Installment411.99.115.4
Other Debt56.97.410.0
Other Lines Of Credit4.65.35.0
Other Residential Property63.942.560.0
$25,000 To $49,999Any Debt18.621.627.1
Credit Card Balances21.31.61.9
Home-secured Debt342.245.747.0
Installment45.86.98.0
Other Debt52.91.82.2
Other Lines Of Credit1.73.23.0
Other Residential Property19.429.720.0
$50,000 To $99,999Any Debt61.464.175.0
Credit Card Balances21.72.12.4
Home-secured Debt362.869.275.0
Installment48.59.511.3
Other Debt53.43.73.8
Other Lines Of Credit2.12.32.8
Other Residential Property38.833.842.0
35 To 44 Years OldAny Debt41.140.055.7
Credit Card Balances21.42.02.0
Home-secured Debt362.864.870.0
Installment45.75.97.7
Other Debt53.42.13.0
Other Lines Of Credit2.12.11.4
Other Residential Property30.833.840.0
45 To 54 Years OldAny Debt32.442.448.4
Credit Card Balances21.82.11.8
Home-secured Debt345.753.168.8
Installment45.47.610.0
Other Debt53.43.25.0
Other Lines Of Credit5.76.43.0
Other Residential Property38.831.940.0
55 To 64 Years OldAny Debt22.022.434.6
Credit Card Balances21.11.42.0
Home-secured Debt334.339.349.4
Installment45.15.38.3
Other Debt53.44.25.0
Other Lines Of Credit4.63.64.9
Other Residential Property22.835.141.0
65 To 74 Years OldAny Debt5.57.411.9
Credit Card Balances20.90.91.1
Home-secured Debt320.420.229.0
Installment44.65.26.5
Other Debt51.72.14.5
Other Lines Of Credit4.64.0(B)7
Other Residential Property19.435.156.0
75 Years Old And OverAny Debt2.72.08.0
Credit Card Balances20.60.40.7
Home-secured Debt332.019.321.2
Installment43.63.68.9
Other Debt53.14.21.7
Other Lines Of Credit(B)7(B)7(B)7
Other Residential Property78.28.529.8
Any Debt19.923.433.3
Credit Card Balances21.11.61.7
Home-secured Debt350.254.962.0
Installment45.36.48.7
Less Than $10,000Any Debt2.52.24.1
Credit Card Balances20.60.61.1
Home-secured Debt316.519.116.0
Installment42.22.74.0
Other Debt51.72.10.6
Other Lines Of Credit(B)7(B)7(B)7
Other Residential Property(B)710.6(B)7
Other Debt52.92.13.0
Other Lines Of Credit2.33.72.5
Other Not WorkingAny Debt5.28.212.6
Credit Card Balances20.90.91.2
Home-secured Debt330.047.857.0
Installment43.05.26.7
Other Debt52.91.61.1
Other Lines Of Credit(B)7(B)7(B)7
Other Residential Property30.8(B)7(B)7
Other Residential Property28.531.940.0
Owner OccupiedAny Debt42.648.860.9
Credit Card Balances21.31.62.0
Home-secured Debt350.254.962.0
Installment46.47.39.5
Other Debt53.43.24.0
Other Lines Of Credit3.25.12.2
Other Residential Property30.831.942.6
Renter Occupied Or OtherAny Debt4.05.16.0
Credit Card Balances21.01.31.3
Home-secured Debt3(B)7(B)7(B)7
Installment44.15.37.7
Other Debt51.71.61.3
Other Lines Of Credit1.41.52.8
Other Residential Property20.852.027.5
RetiredAny Debt6.36.410.2
Credit Card Balances20.80.91.0
Home-secured Debt321.524.437.0
Installment43.94.35.8
Other Debt52.33.21.9
Other Lines Of Credit(B)7(B)7(B)7
Other Residential Property20.635.134.0
Self EmployedAny Debt55.744.167.9
Credit Card Balances22.02.72.0
Home-secured Debt375.465.974.0
Installment47.36.411.0
Other Debt55.75.36.5
Other Lines Of Credit4.07.43.8
Other Residential Property49.144.654.0
Under 35 Years OldAny Debt11.916.119.2
Credit Card Balances21.11.41.5
Home-secured Debt359.465.971.0
Installment45.27.59.1
Other Debt51.61.61.7
Other Lines Of Credit1.41.51.0
Other Residential Property19.426.655.0
Working For Someone ElseAny Debt24.530.835.5
Credit Card Balances21.21.72.0
Home-secured Debt352.659.566.0
Installment45.77.38.8
Other Debt52.92.13.0
Other Lines Of Credit1.82.62.8
Other Residential Property23.730.837.0
Other Debt5Percent Of Families Holding Debts8.48.58.8
Other Lines Of CreditPercent Of Families Holding Debts2.31.92.3
Other Not WorkingAny DebtPercent Of Families Holding Debts64.563.265.7
Credit Card Balances2Percent Of Families Holding Debts29.836.839.0
Home-secured Debt3Percent Of Families Holding Debts20.418.226.8
Installment4Percent Of Families Holding Debts40.840.839.0
Other Debt5Percent Of Families Holding Debts6.39.67.5
Other Lines Of CreditPercent Of Families Holding Debts(B)7(B)7(B)7
Other Residential PropertyPercent Of Families Holding Debts2.5(B)7(B)7
Other Residential PropertyPercent Of Families Holding Debts5.74.75.1
Owner OccupiedAny DebtPercent Of Families Holding Debts78.579.679.4
Credit Card Balances2Percent Of Families Holding Debts46.651.146.2
Home-secured Debt3Percent Of Families Holding Debts61.263.365.1
Installment4Percent Of Families Holding Debts44.345.444.3
Other Debt5Percent Of Families Holding Debts9.18.09.3
Other Lines Of CreditPercent Of Families Holding Debts2.01.51.8
Other Residential PropertyPercent Of Families Holding Debts7.05.86.2
Renter Occupied Or OtherAny DebtPercent Of Families Holding Debts64.065.263.5
Credit Card Balances2Percent Of Families Holding Debts38.640.340.0
Home-secured Debt3Percent Of Families Holding Debts(X)(X)(X)
Installment4Percent Of Families Holding Debts48.946.942.6
Other Debt5Percent Of Families Holding Debts7.19.47.8
Other Lines Of CreditPercent Of Families Holding Debts2.92.63.4
Other Residential PropertyPercent Of Families Holding Debts3.42.72.9
RetiredAny DebtPercent Of Families Holding Debts45.044.839.9
Credit Card Balances2Percent Of Families Holding Debts25.125.820.9
Home-secured Debt3Percent Of Families Holding Debts16.718.718.6
Installment4Percent Of Families Holding Debts21.218.015.8
Other Debt5Percent Of Families Holding Debts5.24.63.3
Other Lines Of CreditPercent Of Families Holding Debts(B)7(B)7(B)7
Other Residential PropertyPercent Of Families Holding Debts2.62.43.1
Self EmployedAny DebtPercent Of Families Holding Debts85.180.984.6
Credit Card Balances2Percent Of Families Holding Debts47.545.347.5
Home-secured Debt3Percent Of Families Holding Debts58.951.663.1
Installment4Percent Of Families Holding Debts47.945.346.3
Other Debt5Percent Of Families Holding Debts12.48.810.7
Other Lines Of CreditPercent Of Families Holding Debts3.73.63.7
Other Residential PropertyPercent Of Families Holding Debts12.88.110.7
Under 35 Years OldAny DebtPercent Of Families Holding Debts81.583.581.2
Credit Card Balances2Percent Of Families Holding Debts51.754.750.7
Home-secured Debt3Percent Of Families Holding Debts30.933.033.2
Installment4Percent Of Families Holding Debts61.762.560.0
Other Debt5Percent Of Families Holding Debts6.47.49.6
Other Lines Of CreditPercent Of Families Holding Debts2.82.72.4
Other Residential PropertyPercent Of Families Holding Debts3.12.12.0
Working For Someone ElseAny DebtPercent Of Families Holding Debts85.687.486.8
Credit Card Balances2Percent Of Families Holding Debts53.958.053.5
Home-secured Debt3Percent Of Families Holding Debts48.651.250.8
Installment4Percent Of Families Holding Debts58.258.655.2
Other Debt5Percent Of Families Holding Debts9.49.910.8
Other Lines Of CreditPercent Of Families Holding Debts3.12.32.7
Other Residential PropertyPercent Of Families Holding Debts6.25.45.2
Footnotes
1 Quantities in thousands.
2 Families that had an outstanding balance on any of their credit cards after paying their most recent bills. Covers bank-type cards (such as Visa, Mastercard, Discover, and Optima), store and gasoline company cards, so-called travel and entertainment cards (such as American Express and Diners Club), and other credit cards.
3 First and second mortgages and home equity loans and lines of credit secured by the primary residence.
4 Consumer loans that typically have fixed payments and a fixed term. Examples are automobile loans, student loans, and loans for furniture, appliances, and other durable consumer goods.
5 Includes loans on insurance policies, loans against pension accounts, borrowing on margin accounts and unclassified loans.
6 Median amount of financial debt for families holding such debts.
7 Base figure too small.
Source

Board of Governors of the Federal Reserve System, Federal Reserve Bulletin, January 2000, and unpublished data.

<http://www.federalreserve.gov/rnd.htm>

 
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