Chilling stats... Younger families had higher debt in proportion - TopicsExpress

Chilling stats... Younger families had higher debt in proportion to their pre-tax household income than did their older counterparts. For example, among couple families with children in 2009, 19- to 34-year olds had a debt-to-income ratio of 180% compared to 125% for 50- to 64-year olds. Among family types, lone-parent families with children had the highest debt-to-income ratio. Lone parent families had a debt-to-income ratio of 227% compared to 170% for couple families with children.

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