not, this is the middle-class in addition to top-middle-income group that is likely to possess credit card debt. One of Us americans regarding the 60th because of 79th money percentiles, 56.8% keeps personal credit card debt. Those in the latest 40th as a consequence of 59th income percentile were not far behind, given that 55% possess credit card debt.
Simple fact is that People in the us throughout the large (90th so you can 100th) and lowest (less than twentieth) money percentiles that are the very least probably carry an equilibrium. Lower than a 3rd of each and every classification keeps credit card debt.
Editor’s note: Research on the Questionnaire out-of User Cash try obtained within the 2019, which is the most up-to-date available from the Federal Set-aside. […]