Table 1.
Percent in debt | Average economic hardship | n | |
---|---|---|---|
Overall | 64% | 0.37 | 1,463 |
Household income | |||
Less than $10,000 | 35%a | 0.68b | 197 |
$10,000–$24,999 | 53% | 0.66 | 513 |
$25,000–$54,999 | 69% | 0.29 | 387 |
$55,000–$74,999 | 75% | 0.23 | 120 |
$75,000 and above | 74% | 0.11 | 246 |
Assets | |||
Less than $10,000 | 61%a | 0.55b | 757 |
$10,000 to $19,999 | 64% | 0.29 | 140 |
$20,000 to $49,999 | 61% | 0.28 | 134 |
$50,000 to $99,999 | 65% | 0.33 | 107 |
$100,000 to $199,999 | 75% | 0.17 | 116 |
$200,000 to $500,000 | 66% | 0.12 | 119 |
$500,000 to $1,000,000 | 65% | 0.08 | 58 |
More than $1,000,000 | 73% | 0.05 | 32 |
Home value | |||
Don’t own | 54%a | 0.52b | 544 |
Less than $20,000 | 39% | 0.34 | 34 |
$20,000 to $49,999 | 58% | 0.28 | 18 |
$50,000 to $99,999 | 63% | 0.49 | 123 |
$100,000 to $199,999 | 73% | 0.32 | 390 |
$200,000 to $500,000 | 72% | 0.22 | 281 |
More than $500,000 | 73% | 0.09 | 73 |
– χ2-test of differences in debtor status across income, assets, and home value significant at p<.05.
– F-test of differences in economic hardship across income, assets, and home value significant at p<.05.