Debt service as a share of family 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 family income.

Source: Bricker et al. (2012) and Federal Reserve Board (2012a)

View the underlying data on epi.org.