Hello,
I recently got a question about data that shows income to debt ratio. More specifically, for the bottom 25%. Ideally at the city level. The Census Bureau provides some interesting estimates on debt, type of debt by some selected household characteristics but for the whole country (https://www.census.gov/data/tables/2019/demo/wealth/wealth-asset-ownership.html).
Has anyone come across a reliable source that provides a similar breakdown by income levels for smaller geos?
Thanks in advance!
Gustavo.
Stas summed it up really well. The only local (county level) source I know of is a recent analysis done by the Urban Institute using credit bureau data: https://apps.urban.org/features/debt-interactive…
You won't find official data at levels smaller than country. These tables are based on SIPP (https://www.census.gov/programs-surveys/sipp.html), which has been going on and off. You can probably find something related in the Survey of Consumer Finances (SCF) conducted by the Federal Reserve (https://www.federalreserve.gov/econres/scfindex.htm). But it would also cover the country as a whole.
This is not to say that the data like that does not exist. This is exactly the data that credit bureaus have and operate with. I doubt you can buy it from them as an individual (and if you could, it would be fairly costly, on the scale of 10c per person -- totaling a few million research dollars for the country).