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Household Debt Service and Financial Obligations Ratios
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Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted

Upcoming changes to Debt Service Ratio (DSR) publication
Starting with the 2024:Q2 Debt Service Ratio (DSR) publication, the Board will transition to a new, credit bureau data-based methodology for calculating the DSR, Mortgage DSR, and Consumer DSR. Details about the changes are available here.

Financial Obligations Ratios (FOR) discontinuation The final data update for the Financial Obligations Ratios (FOR) statistical release is 2023:Q3. The Board decided to stop publishing the FOR due to a lack of high-quality data on property tax and homeowners' insurance payments. For users interested in adjusting the DSR for rental expenditures, data on rental of tenant-occupied nonfarm housing are available from the Bureau of Economic Analysis. The Board will continue to publish household debt service ratios.

Quarter FOR DSR
Total Mortgage Consumer
1980:1 15.41 10.61 4.37 6.24
1980:2 15.50 10.63 4.48 6.15
1980:3 15.26 10.40 4.49 5.91
1980:4 15.09 10.25 4.51 5.74
1981:1 15.14 10.29 4.60 5.69
1981:2 15.34 10.42 4.73 5.70
1981:3 15.19 10.32 4.72 5.59
1981:4 15.34 10.39 4.81 5.58
1982:1 15.45 10.46 4.89 5.57
1982:2 15.51 10.52 4.94 5.58
1982:3 15.43 10.42 4.89 5.52
1982:4 15.43 10.38 4.88 5.51
1983:1 15.39 10.35 4.85 5.50
1983:2 15.41 10.37 4.85 5.52
1983:3 15.39 10.38 4.85 5.52
1983:4 15.42 10.43 4.87 5.56
1984:1 15.44 10.49 4.90 5.59
1984:2 15.56 10.62 4.94 5.68
1984:3 15.72 10.74 4.98 5.76
1984:4 15.95 10.89 5.05 5.84
1985:1 16.39 11.24 5.23 6.01
1985:2 16.49 11.32 5.29 6.03
1985:3 16.89 11.60 5.41 6.19
1985:4 17.07 11.73 5.48 6.24
1986:1 17.06 11.74 5.50 6.23
1986:2 17.18 11.81 5.54 6.27
1986:3 17.34 11.93 5.60 6.32
1986:4 17.57 12.09 5.71 6.38
1987:1 17.46 11.98 5.73 6.25
1987:2 17.68 12.13 5.85 6.27
1987:3 17.50 12.00 5.82 6.18
1987:4 17.31 11.85 5.76 6.10
1988:1 17.18 11.78 5.75 6.03
1988:2 17.10 11.75 5.77 5.97
1988:3 17.01 11.70 5.80 5.90
1988:4 16.86 11.57 5.73 5.84
1989:1 16.81 11.58 5.76 5.82
1989:2 17.00 11.75 5.87 5.88
1989:3 17.08 11.81 5.96 5.85
1989:4 17.03 11.76 5.99 5.77
1990:1 16.92 11.66 6.02 5.64
1990:2 16.88 11.61 6.06 5.54
1990:3 16.89 11.58 6.10 5.48
1990:4 16.95 11.60 6.18 5.42
1991:1 16.94 11.57 6.22 5.35
1991:2 16.80 11.42 6.19 5.23
1991:3 16.68 11.31 6.18 5.13
1991:4 16.47 11.11 6.10 5.01
1992:1 16.16 10.86 5.99 4.87
1992:2 15.98 10.69 5.91 4.78
1992:3 15.84 10.55 5.84 4.71
1992:4 15.77 10.47 5.80 4.67
1993:1 15.69 10.43 5.77 4.66
1993:2 15.61 10.37 5.71 4.65
1993:3 15.69 10.42 5.71 4.71
1993:4 15.66 10.38 5.62 4.76
1994:1 15.71 10.40 5.56 4.84
1994:2 15.78 10.47 5.54 4.93
1994:3 15.93 10.60 5.56 5.04
1994:4 16.02 10.71 5.59 5.13
1995:1 16.22 10.90 5.65 5.25
1995:2 16.44 11.10 5.69 5.40
1995:3 16.55 11.20 5.67 5.53
1995:4 16.60 11.24 5.64 5.60
1996:1 16.59 11.26 5.60 5.66
1996:2 16.59 11.29 5.61 5.69
1996:3 16.64 11.34 5.62 5.73
1996:4 16.71 11.40 5.61 5.79
1997:1 16.68 11.36 5.62 5.74
1997:2 16.71 11.36 5.64 5.72
1997:3 16.70 11.37 5.64 5.74
1997:4 16.60 11.32 5.60 5.72
1998:1 16.37 11.18 5.53 5.64
1998:2 16.35 11.20 5.51 5.69
1998:3 16.32 11.18 5.48 5.70
1998:4 16.40 11.25 5.47 5.78
1999:1 16.46 11.31 5.49 5.82
1999:2 16.66 11.47 5.55 5.93
1999:3 16.78 11.59 5.59 6.00
1999:4 16.74 11.60 5.61 5.99
2000:1 16.65 11.58 5.60 5.98
2000:2 16.76 11.73 5.65 6.08
2000:3 16.87 11.88 5.68 6.20
2000:4 17.07 12.07 5.73 6.35
2001:1 17.17 12.18 5.72 6.45
2001:2 17.42 12.39 5.79 6.60
2001:3 17.31 12.33 5.77 6.56
2001:4 17.79 12.68 5.94 6.74
2002:1 17.45 12.46 5.82 6.64
2002:2 17.29 12.36 5.78 6.58
2002:3 17.28 12.37 5.82 6.56
2002:4 17.21 12.34 5.84 6.50
2003:1 17.20 12.36 5.88 6.48
2003:2 17.11 12.30 5.85 6.45
2003:3 16.88 12.14 5.79 6.36
2003:4 16.96 12.22 5.84 6.37
2004:1 16.96 12.22 5.85 6.37
2004:2 16.88 12.16 5.85 6.31
2004:3 17.03 12.27 5.94 6.33
2004:4 17.02 12.28 6.02 6.26
2005:1 17.49 12.62 6.27 6.35
2005:2 17.50 12.62 6.32 6.30
2005:3 17.54 12.67 6.45 6.23
2005:4 17.52 12.69 6.54 6.15
2006:1 17.49 12.72 6.58 6.14
2006:2 17.55 12.77 6.75 6.02
2006:3 17.70 12.89 6.91 5.98
2006:4 17.82 12.98 7.01 5.97
2007:1 17.83 13.01 7.05 5.96
2007:2 17.88 13.05 7.07 5.98
2007:3 18.02 13.16 7.15 6.01
2007:4 18.16 13.29 7.25 6.04
2008:1 18.06 13.19 7.17 6.03
2008:2 17.61 12.82 6.96 5.86
2008:3 17.77 12.88 7.00 5.89
2008:4 17.77 12.81 6.95 5.86
2009:1 17.75 12.70 6.90 5.80
2009:2 17.41 12.38 6.74 5.63
2009:3 17.34 12.25 6.67 5.58
2009:4 17.02 11.96 6.54 5.42
2010:1 16.71 11.67 6.37 5.30
2010:2 16.32 11.33 6.20 5.13
2010:3 16.12 11.14 6.10 5.04
2010:4 15.96 10.99 5.96 5.03
2011:1 15.72 10.80 5.73 5.07
2011:2 15.64 10.71 5.66 5.05
2011:3 15.52 10.59 5.57 5.02
2011:4 15.43 10.47 5.45 5.02
2012:1 15.22 10.26 5.30 4.96
2012:2 15.13 10.15 5.21 4.95
2012:3 15.28 10.22 5.19 5.03
2012:4 14.88 9.90 4.98 4.92
2013:1 15.47 10.26 5.08 5.19
2013:2 15.37 10.18 4.98 5.20
2013:3 15.34 10.14 4.92 5.23
2013:4 15.38 10.17 4.90 5.27
2014:1 15.28 10.11 4.81 5.30
2014:2 15.19 10.06 4.73 5.32
2014:3 15.15 10.03 4.67 5.37
2014:4 15.07 9.99 4.60 5.38
2015:1 15.09 10.01 4.58 5.43
2015:2 15.12 10.04 4.54 5.51
2015:3 15.19 10.11 4.52 5.59
2015:4 15.14 10.04 4.53 5.52
2016:1 15.11 10.01 4.50 5.51
2016:2 15.22 10.11 4.50 5.61
2016:3 15.26 10.17 4.48 5.69
2016:4 15.18 10.13 4.41 5.72
2017:1 15.05 10.08 4.36 5.72
2017:2 14.96 10.04 4.32 5.72
2017:3 14.93 10.04 4.30 5.73
2017:4 14.91 10.03 4.28 5.76
2018:1 14.82 9.97 4.24 5.74
2018:2 14.75 9.93 4.22 5.70
2018:3 14.71 9.91 4.19 5.71
2018:4 14.71 9.93 4.21 5.72
2019:1 14.66 9.90 4.18 5.72
2019:2 14.73 9.95 4.18 5.77
2019:3 14.74 9.97 4.17 5.81
2019:4 14.71 9.97 4.15 5.83
2020:1 14.61 9.90 4.11 5.79
2020:2 13.25 8.94 3.77 5.17
2020:3 13.67 9.20 3.87 5.33
2020:4 13.96 9.37 3.94 5.44
2021:1 12.43 8.31 3.47 4.84
2021:2 13.59 9.14 3.77 5.37
2021:3 13.86 9.37 3.83 5.54
2021:4 14.01 9.49 3.87 5.62
2022:1 14.31 9.72 3.94 5.78
2022:2 14.35 9.80 3.96 5.84
2022:3 14.35 9.84 3.99 5.85
2022:4 14.40 9.89 4.01 5.88
2023:1 14.12 9.71 3.94 5.77
2023:2 14.11 9.70 3.93 5.77
2023:3 14.20 9.78 3.99 5.79
2023:4 ND 9.83 4.03 5.81
2024:1 ND 9.78 4.00 5.78
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