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
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
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Statistics on "Personal debt in the United States"
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Federal Reserve. (October 31, 2017). Share of families with debt in the United States in 2016, by type of debt [Graph]. In Statista. Retrieved May 27, 2020, from https://www.statista.com/statistics/247874/amount-of-family-debt-distributed-by-type-of-debt/
Federal Reserve. "Share of families with debt in the United States in 2016, by type of debt." Chart. October 31, 2017. Statista. Accessed May 27, 2020. https://www.statista.com/statistics/247874/amount-of-family-debt-distributed-by-type-of-debt/
Federal Reserve. (2017). Share of families with debt in the United States in 2016, by type of debt. Statista. Statista Inc.. Accessed: May 27, 2020. https://www.statista.com/statistics/247874/amount-of-family-debt-distributed-by-type-of-debt/
Federal Reserve. "Share of Families with Debt in The United States in 2016, by Type of Debt." Statista, Statista Inc., 31 Oct 2017, https://www.statista.com/statistics/247874/amount-of-family-debt-distributed-by-type-of-debt/
Federal Reserve, Share of families with debt in the United States in 2016, by type of debt Statista, https://www.statista.com/statistics/247874/amount-of-family-debt-distributed-by-type-of-debt/ (last visited May 27, 2020)
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