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| Debt amount | Frequency | Percent | Cumulative |
|---|---|---|---|
| Less than or equal to $1000 | 26 | 7 | 7 |
| $1001-$2000 | 20 | 5 | 12 |
| $2001-$3000 | 32 | 9 | 21 |
| $3001-$4000 | 23 | 6 | 27 |
| $4001-$5000 | 73 | 20 | 47 |
| More than $5000 | 36 | 10 | 57 |
| No debt | 158 | 43 | 100 |
Source: Authors’ own calculations
