Perspectives on Household Portfolios, 1977-83

Donald Lerman

Eastern Economic Journal, 1987, vol. 13, issue 4, 399-410

Abstract: Total debt, total assets, and net worth all declined in real terms for the mean household over the 1977-83 period, according to consumer survey data. A high and rising concentration of household debt was held by the highest debt holders and the highest income households. While the proportion of households with high debt relative to income rose over this period, most of this increase was in relatively wealthy households. Relatively high concentrations of high debt households were found among high income, young, male, West region, and self-employed households.

Date: 1987
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