Indebted U.S. households in debt hardship 1989-2007, by age

The statistic shows the percentage of indebted households in debt hardship in the United States from 1989 to 2007, by age. Debt hardship is defined as spending more than 40 percent of household income on debt payments. In 2007, 14.6 percent of all indebted households in the U.S. suffered from debt hardship.

Percentage of indebted households in debt hardship* in the United States from 1989 to 2007, by age

Age group1989199520012007
All households10%11.7%11.7%14.6%
18-249.1%17.4%12%12.2%
25-3412.9%10.8%12.1%15.7%
35-447.5%9.9%10%12.6%
45-5411.2%12.3%11.5%16%
55-648.4%15.1%12.3%14.8%
65 and older9.9%10.6%14.7%14.8%
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Source

Release date

November 2011

Region

United States

Survey time period

1989 to 2007

Supplementary notes

* Debt hardship is defined as spending more than 40 percent of household income on debt payments.

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