Household Debt Service and Financial Obligations Ratios

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The Board of Governors of the Federal Reserve System and the Federal Reserve Bank of St. Louis's Federal Reserve Economic Data (FRED) program are working together to expand options for finding, accessing, and visualizing data from the Board's Data Download Program (DDP) in FRED. Learn more about the DDP and FRED partnership.
**Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted**

**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
Quarter	FOR	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	15.27	10.10	4.81	5.29
2014:2	15.18	10.05	4.73	5.31
2014:3	15.14	10.02	4.67	5.36
2014:4	15.07	9.98	4.60	5.38
2015:1	15.08	10.00	4.58	5.42
2015:2	15.11	10.04	4.54	5.50
2015:3	15.18	10.10	4.52	5.58
2015:4	15.14	10.04	4.53	5.51
2016:1	15.11	10.00	4.50	5.51
2016:2	15.22	10.11	4.50	5.61
2016:3	15.25	10.16	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	14.92	10.03	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	9.92	4.22	5.70
2018:3	14.71	9.90	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	5.80
2019:4	14.71	9.97	4.15	5.83
2020:1	14.61	9.90	4.11	5.79
2020:2	13.24	8.93	3.77	5.17
2020:3	13.67	9.19	3.87	5.33
2020:4	13.96	9.37	3.94	5.43
2021:1	12.43	8.31	3.47	4.84
2021:2	13.58	9.13	3.77	5.36
2021:3	13.86	9.36	3.83	5.53
2021:4	14.01	9.49	3.87	5.62
2022:1	14.31	9.73	3.94	5.78
2022:2	14.34	9.79	3.96	5.83
2022:3	14.34	9.83	3.99	5.83
2022:4	14.40	9.89	4.02	5.88
2023:1	14.13	9.71	3.94	5.77
2023:2	14.10	9.70	3.94	5.76
2023:3	14.19	9.77	3.99	5.78
2023:4	ND	9.80	4.02	5.78

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