Table 6.15
Share of households with high debt burdens, by income group, 1989–2010
| Income fifth | Breakdown of top fifth | |||||
|---|---|---|---|---|---|---|
| Bottom | Second | Middle | Fourth | 80th–<90th percentile | Top 10% | |
| 1989 | 24.6% | 14.5% | 11.0% | 5.8% | 3.4% | 1.9% |
| 1998 | 29.9 | 18.3 | 15.8 | 9.8 | 3.5 | 2.8 |
| 2001 | 29.3 | 16.6 | 12.3 | 6.5 | 3.5 | 2.0 |
| 2007 | 26.9 | 19.5 | 14.5 | 12.9 | 8.2 | 3.8 |
| 2010 | 26.1 | 18.6 | 15.4 | 11.0 | 5.3 | 2.9 |
| Change | ||||||
| 1989–2007 | 2.3 | 5.0 | 3.5 | 7.1 | 4.8 | 1.9 |
| 2007–2010 | -0.8 | -0.9 | 0.9 | -1.9 | -2.9 | -0.9 |
Note: A high debt burden is a ratio of debt service payments to income greater than 40 percent.
Source: Bricker et al. (2012)
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