Chart Detail

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 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)

Updated August 22, 2012

Documentation and methodology

Data are from Bricker et al. (2012), Table 17.

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