The debt of U.S. households, compared with the value of their assets, fell during the pandemic

Home Research Topics Race & Ethnicity Racial & Ethnic Groups Asian Americans

December 1, 2023

4. The assets households own and the debts they carry

The debt of U.S. households, compared with the value of their assets, fell during the pandemic

Download

The debt of U.S. households, compared with the value of their assets, fell during the pandemic

← Prev Page

1 … 3 4 5 6 7 8

4. The assets households own and the debts they carry
Ownership of financial accounts and vehicles is widespread across racial and ethnic groups, but homeownership or holding retirement accounts varies
Owned homes – a key asset for U.S. households – increased in value during the pandemic, as did most other assets
Homeownership is a key component of the wealth of U.S. households
Majorities of Black and Hispanic homeowners derive about 60% or more of their wealth from equity in their primary residence
Slim majorities of U.S. households have either secured or unsecured debt
Household debt was largely unchanged during the pandemic
The debt of U.S. households, compared with the value of their assets, fell during the pandemic
The debt of U.S. households, relative to their income, was largely unchanged in the pandemic

901 E St. NW, Suite 300
Washington, DC 20004
USA
(+1) 202-419-4300 | Main
(+1) 202-857-8562 | Fax
(+1) 202-419-4372 | Media Inquiries

Research Topics

ABOUT PEW RESEARCH CENTER Pew Research Center is a nonpartisan, nonadvocacy fact tank that informs the public about the issues, attitudes and trends shaping the world. It does not take policy positions. The Center conducts public opinion polling, demographic research, computational social science research and other data-driven research. Pew Research Center is a subsidiary of The Pew Charitable Trusts, its primary funder.

Topics

Regions & Countries

Formats

4. The assets households own and the debts they carry

The debt of U.S. households, compared with the value of their assets, fell during the pandemic

Download

Post Infographics

Research Topics

Follow Us