One in five households in the lowest-income quintiles
has liabilities that exceed assets, resulting in negative net worth.
Conditions |
Percentage of households |
|---|---|
| Lowest quintile | 20 |
| Second-lowest quintile | 12 |
| Middle quintile | 7.7 |
| Second-highest quintile | 4.6 |
| Highest quintile | 0.4 |
Source: Federal Reserve 2004 Survey of Consumer Finances.