Table 5: Distribution of Financial Distress by Demographic Characteristics (%, unless
otherwise stated)
|
Panel |
Variable |
No |
Struggle |
Constant Struggle |
Falling Behind |
N |
|
1 |
Age (years) |
56.2 |
30.4 |
8.8 |
4.6 |
871 |
|
25-44 |
53.7 |
33.5 |
8.6 |
4.2 |
2,646 | |
|
45-64 |
65.4 |
24.9 |
7.1 |
2.6 |
2,079 | |
|
65+_____________________ |
83.7 |
12.8 |
3.2 |
0.3 |
1,217 | |
|
2 |
Gender Male |
66.4 |
24.6 |
6.3 |
2.8 |
3,404 |
|
Female_____________________ |
59.5 |
29.0 |
8.2 |
3.4 |
3,409 | |
|
3 |
Marital Status Single |
55.5 |
29.4 |
10.1 |
5.0 |
2,117 |
|
Married |
67.8 |
25.9 |
4.8 |
1.5 |
3,450 | |
|
Widowed/Divorced/Separated |
62.1 |
24.6 |
9.2 |
4.1 |
1,246 | |
|
4 |
Education Lower 2nd Level |
58.6 |
27.8 |
9.7 |
4.0 |
1,779 |
|
Upper 2nd Level |
62.3 |
28.6 |
6.7 |
2.4 |
2,340 | |
|
3rd Level + |
70.5 |
24.3 |
3.4 |
1.8 |
1,303 | |
|
Other1_______________________ |
62.3 |
24.7 |
8.6 |
4.4 |
1,369 | |
|
5 |
Income Quintile 1 (Poorest) |
59.9 |
26.0 |
10.2 |
4.0 |
1,309 |
|
2 |
59.0 |
27.3 |
9.0 |
4.7 |
1.294 | |
|
3 |
59.8 |
28.5 |
7.9 |
3.8 |
1,312 | |
|
4 |
62.6 |
29.0 |
6.1 |
2.4 |
1,311 | |
|
5 (Richest)____________________ |
71.7 |
24.8 |
3.1 |
0.5 |
1,312 | |
|
6 |
Debt Outstanding No Debt |
69.8 |
22.2 |
6.1 |
2.0 |
3,962 |
|
Debt______________________ |
53.4 |
33.1 |
8.8 |
5.0 |
2,851 | |
|
7 |
Work Status Employed |
63.8 |
28.1 |
5.9 |
2.2 |
3,552 |
|
Unemployed |
39.8 |
34.6 |
16.1 |
9.5 |
497 | |
|
Inactive |
49.4 |
33.6 |
11.3 |
5.7 |
1,370 | |
|
Retired______________________ |
82.8 |
13.7 |
3.1 |
0.4 |
1,394 | |
|
Total2___________________________ |
62.9 |
26.8 |
7.2 |
3.1 |
6,813 |
1 The ’Other’ education category only applies to the UK sample, and includes individuals
with overseas education or some other education that they could not match to the British
system. 2 Total percentages differ from Table 2 since we have excluded respondents with no bills/
credit commitments or those who refused to answer or reported that they did not know the answer.
N=6,791 for panel 4 and 6,538 for panel 5.
14