SWA2014-Wealth | Table 6.14 | Household debt service as a share of household income, by income group, 1989–2010
| Bottom 90% | Top 10% | ||||||
|---|---|---|---|---|---|---|---|
| Bottom fifth | Second fifth | Middle fifth | Fourth fifth | 80th–<90th percentile | Total bottom 90% | ||
| 1989 | 14.1% | 13.0% | 16.3% | 16.9% | 15.7% | 15.1% | 8.7% |
| 1998 | 18.7 | 16.5 | 18.6 | 19.1 | 16.8 | 18.1 | 10.3 |
| 2001 | 16.1 | 15.8 | 17.1 | 16.8 | 17.0 | 16.5 | 8.1 |
| 2007 | 17.7 | 17.2 | 19.8 | 21.8 | 19.8 | 19.2 | 8.4 |
| 2010 | 23.5 | 16.9 | 19.5 | 19.3 | 18.0 | 19.6 | 9.4 |
| Change | |||||||
| 1989–2007 | 3.6 | 4.2 | 3.5 | 4.9 | 4.1 | 4.1 | -0.3 |
| 2007–2010 | 5.8 | -0.3 | -0.3 | -2.5 | -1.8 | 0.4 | 1.0 |
Note: household debt service is the ratio of payments on mortgage and consumer debt to disposable personal income.
Source: Bricker et al. (2012)
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