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Report to the Congress on Practices of the Consumer
Credit Industry in Soliciting and Extending Credit
and their Effects on Consumer Debt and Insolvency


Submitted to the Congress pursuant to section 1229 of
the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005

June 2006

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Data table for figure 3
Measures of household financial obligations, 1980-2005
Percent
Year Financial obligations ratio Debt
service
ratio
1980 15.37 10.58
1981 15.56 10.64
1982 15.64 10.62
1983 15.60 10.62
1984 15.95 10.98
1985 17.09 11.84
1986 17.65 12.26
1987 17.43 11.98
1988 17.07 11.75
1989 17.35 12.04
1990 17.37 11.98
1991 16.96 11.52
1992 16.14 10.78
1993 16.18 10.77
1994 16.64 11.14
1995 17.45 11.84
1996 17.65 12.06
1997 17.66 12.09
1998 17.47 12.04
1999 17.83 12.35
2000 18.14 12.77
2001 18.68 13.20
2002 18.53 13.27
2003 18.18 13.17
2004 17.97 13.17
2005 18.62 13.86

Note: The data are annual. The debt service ratio is the household sector's aggregate required monthly payments on consumer and mortgage debt as a percentage of the sector's aggregate after-tax (that is, disposable) income. The financial obligations ratio covers the obligations in the debt service ratio plus payments for auto leases, rent, homeowner's insurance, and real estate taxes.

Source: Federal Reserve Board.

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