TABLE 2-b.

U.S. Surveys: Balance Sheets - Liabilities, various dates

	PSID	CES	SCF	HRS	SIPP
Liabilities	82,288	73,668	112,306	64,614	61,979
Median	18,800		23,000	5,600	3,750
Revolving Debt	2,671	4,512	2,185		2,661
(% of liabilities)	(3)	(6)	(2)		(4)
Credit cards / charge cards	2,671	4,447	2,096
Revolving store accounts		65	89
Non-revolving Debt	79,617	69,156	110,121	64,614	59,318
(% of liabilities)	(97)	(94)	(98)	(100)	(96)
Housing	67,506	58,143	87,223	58,584
Mortgages for primary residence	54,856	52,559	63,889	48,984
Mortgages for investment real estate or second home	12,650	3,086	19,598	4,440
HELOC/HEL		2,498	3,556
Loans for improvement			180	5,160
Loans on vehicles	4,310	3,926	4,508		3,707
Education loans	6,507		5,788
Business loans			10,317		5,338
Investment loans (e.g., margin loans)			289		102
Unsecured personal loans
Loans against pension plan			288
Payday loans / pawn shops
Other loans	1,294	7,087	1,708	6,030	50,171
Net worth (equity)	340,328	152,646	519,940	491,681	289,723
Cumulative net gifts received
Cumulative savings

SOURCES: Panel Study of Income Dynamics (PSID) 2013, Consumer Expenditure Survey (CE) 2012, Survey of Consumer Finances (SCF) 2013, Health and Retirement Survey (HRS) 2012, and Survey of Income and Program Participation (SIPP) 2011. See Section 2 for more details.

NOTES: Table entries are average dollar values for the survey’s unit of observation, approximately a household. Assets and liabilites are stocks dated as of the time of the survey, generally the end of the year. Sampling weights provided by each survey were used in calculating the average values in accordance with the survey’s data documentation. A more detailed data appendix and the Stata programs used to construct the tables are available at https://www.bostonfed.org/about-the-boston-fed/business-areas/consumer-payments-research-center.aspx.