How much does the average person have in debt?

Dollar amounts for the 1%, 10%, 40% and 50%

We got into dollar figures for the asset-side of wealth yesterday, so today we can look at the debt side which, for most households, is primarily consumer debt (like credit cards) and home mortgages:

There was a big deleveraging of household finances after the Financial Crisis. However, that wasn’t true for every wealth bucket, like the 1%:

The 90th to 99th percentile looks a bit strange as well, with a big increase in debt lately:

The next 50th to 90th percentile is a lot smoother:

And, so is the bottom 50%:

Now that we have both the asset side and the liability side, we can look at the true net worth for each wealth bucket in tomorrow’s post!

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