Table 2.
Descriptive statistics of observations (in any wave) by household debt status.
| Household debt | No debt | Mortgage debt | Non-mortgage debt |
|---|---|---|---|
| Some mortgage debt % | 0 | 100 | 35 |
| Median mortgage debt £ | 0 | 28,377 | 0 |
| Mean | 0 | 51,479 | 18,226 |
| Some non-mortgage debt % | 0 | 55 | 100 |
| Median non-mortgage debt £ | 0 | 383 | 2588 |
| Mean | 0 | 4696 | 6094 |
| Mental wellbeing | |||
| Median number of depressive symptoms (CES-D 8) | 1 | 1 | 1 |
| Mean | 1.43 | 1.34 | 1.61 |
| Median Quality of life (CASP-19) | 43 | 43 | 42 |
| Mean | 41.97 | 41.93 | 40.69 |
| Age, income and assets | |||
| Median age | 69 | 57 | 60 |
| Mean | 69 | 59 | 61 |
| Median yearly equivalized income £ | 14,052 | 19,692 | 16,455 |
| Mean | 17,510 | 22,994 | 19,056 |
| Median gross non-housing assets £ | 40,149 | 21,514 | 14,240 |
| Mean | 143,524 | 137,004 | 100,205 |
| Sex % | |||
| Male | 44 | 48 | 46 |
| Female | 56 | 52 | 54 |
| Education % | |||
| Low | 48 | 30 | 39 |
| Intermediate | 24 | 33 | 32 |
| High | 28 | 37 | 30 |
| Household size % | |||
| 1 | 29 | 12 | 17 |
| 2 | 59 | 51 | 55 |
| 3 | 8 | 22 | 17 |
| 4 or more | 4 | 15 | 11 |
| Employment status % | |||
| Employed | 18 | 59 | 44 |
| Self-employed | 5 | 13 | 10 |
| Seeking work | 1 | 1 | 1 |
| Sick and not seeking | 4 | 4 | 7 |
| Retired | 66 | 18 | 32 |
| Unoccupied | 7 | 5 | 6 |
| Marital status % | |||
| Married or cohabiting | 66 | 82 | 76 |
| Single/never married | 5 | 3 | 4 |
| Widowed | 20 | 4 | 7 |
| Divorced or separated | 9 | 10 | 13 |
| Number of observations | |||
| n | 47,208 | 12,447 | 19,943 |