The data displays the purpose of family debt in the U.S. from 2010 to 2016. It was found that 76.1% of the household debt in the U.S. was attributable to primary residence purchase in 2016.
Primary residence purchase | 79.5 | 79.6 | 76.1 |
Education | 5.8 | 7.1 | 8.8 |
Vehicles | 4.7 | 5.1 | 6.3 |
Goods and services | 5.2 | 4 | 4.3 |
Investment excluding real estate | 2.5 | 2.1 | 2.5 |
Primary residence improvement | 1.9 | 1.7 | 1.5 |
Other residential property | 0.4 | 0.5 | 0.5 |