Fewer in debt, but more of it

Investor's Business Daily
March 2013
Investors Business Daily;3/27/2013, pA02
The percentage of U.S. households holding some form of debt fell from 74% to 69% in 2000-11, according to a new Census Bureau report. But the median amount of household debt rose over that period from $50,971 to $70,000 (in '11 dollars). The debt report also said during that period credit card debt as a percentage of the total declined from 51% to 38%, while other unsecured debt, such as student loans and medical bills not covered by insurance, rose to 19% from 11%.


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