Young Households and Debt

YOUNG HOUSEHOLDS AND DEBT 73% 72% 69% 72% 77% 72% 74% 71% 71% 67% 66% 70% 56% 53% 52% 43% 1989 1995 2001 2007 9% 17% 14% 11% 18% 18% 20% 24% PERCENT OF HOUSEHOLDS O PERCENT OF CARDHOLDERS WITH CREDIT CARDS, AGES 18-24 WITH CREDIT CARD DEBT PERCENT OF HOUSEHOLDS MEDIAN PERCENT OF INCOME WITH CREDIT CARDS, AGES 25-34 DEVOTED TO DEBT PAYMENTS SOURCE: Démos Analysis of the Survey of Consumer Finances Dēmos