The type of debt a household has varies based on their age, but mortgage debt leads for all age groups:
Source: CreditMix (June 2012)
Note: The charts above do not include consumer finance, retail card, or other non-mortgage debt.
Besides a First Mortgage, Highest Estimated Concentration of Outstanding Debt by Age Group
- Under 40: Student Loans at 15.8%
- 40-65: Student Loans at 7.4%
- 65+: HELOC at 8.2%
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