An Analysis of the Recent Surge in Consumer Debt in Rural Areas

Growth in aggregate consumer debt in rural areas during the 1983-86 period outpaced that of the Nation. However, most rural households with high consumer debt burdens were capable of paying off all debts with their assets-- nearly one quarter fully paid off all consumer debts within 3 years. Rural residents were found likely to hold significantly less consumer debt than urban residents with similar economic and demographic characteristics. Household income, net worth, recent vehicle expenditures, household size, and homeowner status also significantly affected the level of consumer debt by rural households.


Issue Date:
1990-04
Publication Type:
Report
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/278324
Language:
English
Total Pages:
41
Series Statement:
AGES 9030




 Record created 2018-10-15, last modified 2020-10-28

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