The statistic presents the share of families with debt in the United States in 2016, by type of debt. It was found that 47.2 percent of the families financed their needs through installment loans in 2016.
Share of families with debt in the United States in 2016, by type of debt
The statistic presents the share of families with debt in the United States in 2016, by type of debt. It was found that 47.2 percent of the families financed their needs through installment loans in 2016.
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| Share of families | |
|---|---|
| Installment loans | 67.4% |
| Debt secured by primary residence | 44.4% |
| Credit card balances | 43.9% |
| Lines of credit not secured by residential property | 1.8% |
| Other residential debt | 5.6% |
| Other | 5.4% |
© Statista 2018
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