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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (108279)	6/12/2001 5:05:51 PM
From: Mark Adams	Read Replies (2) \| Respond to of 436258

Some interesting data in the Census- ie 40% of females over 65 live alone... Number of households data in section 1 Table 60, but it's sketchy. I think I could find a more complete source for number of US households. I wouldn't mind using this data to chart number of people > 30 vs debt- might be some interesting correlations there. Theory being aging households have a greater ability to take on more debt. Still looking at section 14 of the census data. And section 16 looks promising. In reflecting on the increase of revolving debt as percentage of consumer debt- it is clear that financial institutions are successfully moving people towards higher cost debt, thus increasing their take of the economic pie. Would be interesting to see some specifics of lower rate fixed cost debt being replaced with higher cost revolving debt. Due to the poor level of education on financial matters in school, people don't realize the long term impact of these "transfer payments", IMO. gregmorriscfp.com It's going to be awhile before I fully digest what is available at these links (a lifetime? <g>)

To: Ilaine who wrote (108279)	6/12/2001 10:30:44 PM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

Table 796 Breaks down debt payments by age and household income. Typically, 10% of debtors run with a debt to income ratio of 40% or more. Table 817 Median Credit card balance, 1998 $1900 Percent who almost always pay off the balance, >50% Table 814 Mortgage deliquency rate running 4% during the 90s Table 812- Equity debt and lines of credit; must be added to table 811 to get a true picture of home equity debt. But some securitized home equity is included in 811, making it difficult to say with any assurance that a clean number could be found. Reviewing these tables suggests a 'residential nonfarm' equity value for real estate would be required to calculate %homeequity, as otherwise, commercial, multifamily and farm might skew the results. Then again, residentail nonfarm does account for 81+% of mortgage debt per 811, so maybe the impact is negligible.