to your HTML Add class="sortable" to any table you'd like to make sortable Click on the headers to sort Thanks to many, many people for contributions and suggestions. Licenced as X11: http://www.kryogenix.org/code/browser/licence.html This basically means: do what you want with it. */ var stIsIE = /*@cc_on!@*/false; sorttable = { init: function() { // quit if this function has already been called if (arguments.callee.done) return; // flag this function so we don't do the same thing twice arguments.callee.done = true; // kill the timer if (_timer) clearInterval(_timer); if (!document.createElement || !document.getElementsByTagName) return; sorttable.DATE_RE = /^(\d\d?)[\/\.-](\d\d?)[\/\.-]((\d\d)?\d\d)$/; forEach(document.getElementsByTagName('table'), function(table) { if (table.className.search(/\bsortable\b/) != -1) { sorttable.makeSortable(table); } }); }, makeSortable: function(table) { if (table.getElementsByTagName('thead').length == 0) { // table doesn't have a tHead. Since it should have, create one and // put the first table row in it. the = document.createElement('thead'); the.appendChild(table.rows[0]); table.insertBefore(the,table.firstChild); } // Safari doesn't support table.tHead, sigh if (table.tHead == null) table.tHead = table.getElementsByTagName('thead')[0]; if (table.tHead.rows.length != 1) return; // can't cope with two header rows // Sorttable v1 put rows with a class of "sortbottom" at the bottom (as // "total" rows, for example). This is B&R, since what you're supposed // to do is put them in a tfoot. So, if there are sortbottom rows, // for backwards compatibility, move them to tfoot (creating it if needed). sortbottomrows = []; for (var i=0; i
How much debt do Americans have and can they handle it?
To answer these questions, we here at Political Calculations went to the Federal Reserve's 2004 Survey of Consumer Finances (SCF), which provides a breakdown of the median amount of debt (of any kind) held by the surveyed families. The Fed interviewed some 4,552 families, which through the miracle of statistical sampling, represent approximately 112.1 million families in the United States!
The survey report breaks down its data by a number of different methods (age, income, work status, etc.), but the method we found most interesting was by net worth. The following table shows the breakdown of the percentile brackets by which the report presented its data, along with the corresponding median income and net worth for each bracket range:
2004 SCF Net Worth Percentile Data | |||
---|---|---|---|
Net Worth Percentile Bracket | Median Income | Median Net Worth | Net Worth at Top of Bracket |
0 - 25 | $20,500 | $1,700 | $13,300 |
25 - 50 | $37,000 | $43,600 | $93,100 |
50 - 75 | $52,400 | $170,700 | $328,500 |
75 - 90 | $77,000 | $506,800 | $831,600 |
90 - 100 | $143,800 | $1,430,100 | N/A |
So that's the basic profile of who's been surveyed. Now, let's see the median debt that each grouping has along with their median debt burden, which is defined as the percentage of debt payments divided by income (also called the debt-to-income ratio.) This latter figure gives us a good indication of how well the families surveyed are able to manage their debt:
Median Debt and Median Debt Burden by Net Worth Percentiles | ||
---|---|---|
Net Worth Percentile Bracket | Median Debt Held | Median Debt Burden |
0 - 25 | $11,400 | 13.0% |
25 - 50 | $44,200 | 21.2% |
50 - 75 | $90,100 | 21.4% |
75 - 90 | $110,700 | 17.9% |
90 - 100 | $190,800 | 12.6% |
We can measure how well families manage debt by seeing where they fall on the debt burden scale. Lending institutions are reluctant to extend credit for individuals whose debt-to-income ratio is greater than 36% - often charging people with a debt ratio above 36% higher rates of interest to discourage them from exceeding this debt burden level. Since the median debt held in each grouping is well below this level, it indicates that overall, Americans are in pretty good shape when it comes to managing their debt.
Labels: debt management
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Closing values for previous trading day.
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