The amount of estimated total assets in a household can have a significant effect on how the household manages credit. Let’s take a look at the average credit portfolio allocation (excluding mortgage) for three wealth tiers.
Overall Impact of Mortgage Debts on Portfolios
Mortgage represents the following percentages of each wealth tier’s overall credit portfolio:
- Mass Market: 63.4%
- Mass Affluent: 74.2%
- Affluent: 78.3%
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