Share of families with debt in the United States in 2016, by type of debt

Share of families with debt in the U.S. 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 loans67.4%
Debt secured by primary residence44.4%
Credit card balances43.9%
Lines of credit not secured by
residential property
1.8%
Other residential debt5.6%
Other5.4%
Share of families
Installment loans67.4%
Debt secured by primary residence44.4%
Credit card balances43.9%
Lines of credit not secured by
residential property
1.8%
Other residential debt5.6%
Other5.4%
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Description Source More information
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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Release date
October 2017
Region
United States
Survey time period
2016

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