Table 6.12
Distribution of family debt by its purpose, 1989–2010
| 1989 | 1995 | 1998 | 2001 | 2007 | 2010 | |
|---|---|---|---|---|---|---|
| Primary residence | 66.5% | 72.3% | 70.0% | 72.9% | 71.8% | 71.4% |
| Other residential property | 8.8 | 8.2 | 7.8 | 6.5 | 10.8 | 10.5 |
| Investments excluding real estate | 3.9 | 1.0 | 3.3 | 2.8 | 1.6 | 2.0 |
| Vehicles | 10.6 | 7.6 | 7.6 | 7.8 | 5.5 | 4.7 |
| Goods and services (including credit card debt) | 6.1 | 5.7 | 6.3 | 5.8 | 6.2 | 5.7 |
| Education | 2.4 | 2.7 | 3.5 | 3.1 | 3.6 | 5.2 |
| Other | 1.7 | 2.4 | 1.5 | 1.1 | 0.5 | 0.4 |
| Total | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 |
Source: Authors' analysis of Federal Reserve Board (2012a) and Bricker et al. (2012)
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