Table 6. AverageCreditCardDebt, by Race/Ethnicity (2001 Dollars) Race/Ethnicity White Percent change between years Percent change 1989–2001 Black Percent change between years Percent change 1989–2001 Hispanic Percent change between years ... AverageCreditCardDebt among Black and Hispanic Families. Since 1995, creditcarddebt among black and Hispanic families has been considerably lower on average ... and Hispanic families’ creditcarddebt increased between 1998 and 2001, with black
their averagecreditcarddebt rise by 22 percent to $2, 950. During this same time period ... Growing balances. Between 1992 and 2001, the averagecreditcard balance ... between 1995 and 2001 reveals a dramatic rise in creditcarddebt for Hispanic (73 percent
Table 1: Mean and Median CreditCardDebt by Age, Income Level, and Race ... We examined the average and median amount of debt among households by race ... averagecreditcarddebt was higher for households with higher incomes, though the median amount of creditcarddebt does not vary as dramatically by household income
Table 4. Proportion of Families Holding Debt and Credit or Charge Cards, by Type and by Race or Ethnicity of Family Head, 1983-2004 Difference relative to non ... credit or charge card balance 3 ... Default rate (percent) FICO score FICO score Interest rate Less than 520 720 or more Note. Rates are national averages on new loans of $300, 000. Source. Fair Isaac
Cardholding percent reporting debt in 2001 Percent holding creditcards in 2001 Averagecreditcarddebt in 2001 Race/Ethnicity All families White families Black families Hispanic families – Demos’s calculations using 2001 Survey of Consumer ... and 2001, averagecreditcarddebt fell between 1998 and 2001 for all income groups. Preliminary research and data suggests a portion of creditcarddebt was transferred using ... 2001 and the continued rise in unemployment rates. AverageDebt by Race/Ethnicity
was $5, 000 (mean value of $7, 756); and among those who had creditcarddebt ... loans Amount of educational loans *Creditcarddebt Having creditcarddebt Amount of creditcarddebt Family Characteristics Mother’s education Attended college or above ... High net worth *For the amount of educational loans and creditcarddebt, medians
Table 4. Proportion of Families Holding Debt and Credit or Charge Cards, by Type and by Race or Ethnicity of Family Head, 1983-2004 ... Trend Mortgage Trend Trend Any credit or charge card balance#H#R#E#F- #N#U#M-3-N#U#M# -H#R#E#F Trend Type Of Card Families owning a credit or charge card (percent except as noted) Any credit or charge card Trend Bank-type or travel and entertainment card Trend
by sector, family income and race/ethnicity. ... average Federal Debt per Student average Nonfederal Debt per Student Percent of Debt Nonfederal averageDebt per Student Total High-Debt Borrowers Dependent ... 000 to $99, 999 $100, 000 or More raCe/eTHNiCiTY White (96%) Black (98%) Hispanic/Latino
households, households of all races with creditcarddebt have fewer financial assets ... . Household Race With CreditCardDebt Without CreditCardDebt All Households African ... . Household Race With CreditCardDebt All Households African Latino White Source: García