Deleveraging and Recent Trends in Household Debt, Accessible Data
PrintAccessible version of figures
Figure 1: Household Debt and Disposable Personal Income
Source: Financial Accounts of the United States.
Trillions
| Quarter | Household Debt | Disposable Personal Income |
|---|---|---|
| 1952q1 | 0.079385 | 0.243603 |
| 1952q2 | 0.082576 | 0.246634 |
| 1952q3 | 0.08538 | 0.253244 |
| 1952q4 | 0.089008 | 0.259116 |
| 1953q1 | 0.092859 | 0.263286 |
| 1953q2 | 0.095831 | 0.267131 |
| 1953q3 | 0.098402 | 0.267312 |
| 1953q4 | 0.100617 | 0.267572 |
| 1954q1 | 0.102141 | 0.270296 |
| 1954q2 | 0.105149 | 0.270192 |
| 1954q3 | 0.107381 | 0.272157 |
| 1954q4 | 0.111319 | 0.27709 |
| 1955q1 | 0.116051 | 0.28252 |
| 1955q2 | 0.121433 | 0.289051 |
| 1955q3 | 0.126447 | 0.295529 |
| 1955q4 | 0.130885 | 0.299805 |
| 1956q1 | 0.134993 | 0.304135 |
| 1956q2 | 0.138702 | 0.309099 |
| 1956q3 | 0.142042 | 0.313701 |
| 1956q4 | 0.145325 | 0.320348 |
| 1957q1 | 0.148609 | 0.324179 |
| 1957q2 | 0.151411 | 0.328541 |
| 1957q3 | 0.154238 | 0.332983 |
| 1957q4 | 0.156591 | 0.332703 |
| 1958q1 | 0.1583 | 0.334244 |
| 1958q2 | 0.160009 | 0.337089 |
| 1958q3 | 0.162804 | 0.34414 |
| 1958q4 | 0.166667 | 0.348233 |
| 1959q1 | 0.171522 | 0.353634 |
| 1959q2 | 0.176409 | 0.360706 |
| 1959q3 | 0.181811 | 0.362351 |
| 1959q4 | 0.187312 | 0.366933 |
| 1960q1 | 0.191138 | 0.371809 |
| 1960q2 | 0.19519 | 0.376097 |
| 1960q3 | 0.199098 | 0.378212 |
| 1960q4 | 0.202626 | 0.379743 |
| 1961q1 | 0.205829 | 0.384139 |
| 1961q2 | 0.208353 | 0.389955 |
| 1961q3 | 0.212191 | 0.396568 |
| 1961q4 | 0.217462 | 0.40467 |
| 1962q1 | 0.221368 | 0.410327 |
| 1962q2 | 0.226772 | 0.416111 |
| 1962q3 | 0.231924 | 0.419364 |
| 1962q4 | 0.237651 | 0.424328 |
| 1963q1 | 0.243252 | 0.429172 |
| 1963q2 | 0.249108 | 0.433795 |
| 1963q3 | 0.256045 | 0.440663 |
| 1963q4 | 0.262976 | 0.449518 |
| 1964q1 | 0.269978 | 0.46055 |
| 1964q2 | 0.276305 | 0.474004 |
| 1964q3 | 0.283325 | 0.481748 |
| 1964q4 | 0.289687 | 0.488849 |
| 1965q1 | 0.296926 | 0.496179 |
| 1965q2 | 0.303782 | 0.504323 |
| 1965q3 | 0.31066 | 0.520063 |
| 1965q4 | 0.316938 | 0.532157 |
| 1966q1 | 0.324091 | 0.54161 |
| 1966q2 | 0.328754 | 0.547482 |
| 1966q3 | 0.33258 | 0.558405 |
| 1966q4 | 0.336164 | 0.569276 |
| 1967q1 | 0.339345 | 0.579473 |
| 1967q2 | 0.342631 | 0.586742 |
| 1967q3 | 0.348488 | 0.59773 |
| 1967q4 | 0.354541 | 0.607193 |
| 1968q1 | 0.360627 | 0.624074 |
| 1968q2 | 0.366714 | 0.640936 |
| 1968q3 | 0.373879 | 0.649143 |
| 1968q4 | 0.382258 | 0.660843 |
| 1969q1 | 0.388082 | 0.668721 |
| 1969q2 | 0.39529 | 0.684766 |
| 1969q3 | 0.401955 | 0.70785 |
| 1969q4 | 0.40792 | 0.721675 |
| 1970q1 | 0.40827 | 0.737189 |
| 1970q2 | 0.410203 | 0.754131 |
| 1970q3 | 0.414695 | 0.773379 |
| 1970q4 | 0.419675 | 0.78141 |
| 1971q1 | 0.429696 | 0.804631 |
| 1971q2 | 0.436447 | 0.825671 |
| 1971q3 | 0.446896 | 0.838197 |
| 1971q4 | 0.458697 | 0.853224 |
| 1972q1 | 0.471286 | 0.866178 |
| 1972q2 | 0.482888 | 0.880089 |
| 1972q3 | 0.496063 | 0.904924 |
| 1972q4 | 0.512309 | 0.948551 |
| 1973q1 | 0.530364 | 0.966902 |
| 1973q2 | 0.545023 | 0.993408 |
| 1973q3 | 0.559025 | 1.015959 |
| 1973q4 | 0.575198 | 1.048213 |
| 1974q1 | 0.588886 | 1.061597 |
| 1974q2 | 0.600746 | 1.081469 |
| 1974q3 | 0.612752 | 1.1117 |
| 1974q4 | 0.621265 | 1.138457 |
| 1975q1 | 0.629913 | 1.157933 |
| 1975q2 | 0.634573 | 1.226477 |
| 1975q3 | 0.647544 | 1.231254 |
| 1975q4 | 0.666083 | 1.261488 |
| 1976q1 | 0.685838 | 1.290456 |
| 1976q2 | 0.70197 | 1.308055 |
| 1976q3 | 0.721806 | 1.337692 |
| 1976q4 | 0.746034 | 1.36691 |
| 1977q1 | 0.772557 | 1.391164 |
| 1977q2 | 0.802887 | 1.432595 |
| 1977q3 | 0.835005 | 1.476478 |
| 1977q4 | 0.867889 | 1.526535 |
| 1978q1 | 0.901849 | 1.562876 |
| 1978q2 | 0.940748 | 1.610855 |
| 1978q3 | 0.979897 | 1.651029 |
| 1978q4 | 1.019946 | 1.695518 |
| 1979q1 | 1.062641 | 1.745731 |
| 1979q2 | 1.100041 | 1.777854 |
| 1979q3 | 1.140935 | 1.830535 |
| 1979q4 | 1.18134 | 1.883009 |
| 1980q1 | 1.219156 | 1.945976 |
| 1980q2 | 1.228493 | 1.964614 |
| 1980q3 | 1.254472 | 2.035013 |
| 1980q4 | 1.28457 | 2.126202 |
| 1981q1 | 1.307979 | 2.173012 |
| 1981q2 | 1.335177 | 2.208757 |
| 1981q3 | 1.356862 | 2.290864 |
| 1981q4 | 1.376143 | 2.330261 |
| 1982q1 | 1.396261 | 2.362593 |
| 1982q2 | 1.410561 | 2.398832 |
| 1982q3 | 1.408191 | 2.449613 |
| 1982q4 | 1.427893 | 2.487935 |
| 1983q1 | 1.435857 | 2.530931 |
| 1983q2 | 1.469196 | 2.572389 |
| 1983q3 | 1.511182 | 2.645626 |
| 1983q4 | 1.561262 | 2.720649 |
| 1984q1 | 1.617834 | 2.806259 |
| 1984q2 | 1.671741 | 2.880722 |
| 1984q3 | 1.717476 | 2.94292 |
| 1984q4 | 1.769878 | 2.985638 |
| 1985q1 | 1.868281 | 3.014136 |
| 1985q2 | 1.919737 | 3.098044 |
| 1985q3 | 1.994889 | 3.112238 |
| 1985q4 | 2.060823 | 3.169669 |
| 1986q1 | 2.114229 | 3.232174 |
| 1986q2 | 2.171129 | 3.271242 |
| 1986q3 | 2.246556 | 3.311167 |
| 1986q4 | 2.315379 | 3.336948 |
| 1987q1 | 2.357505 | 3.400408 |
| 1987q2 | 2.43253 | 3.39948 |
| 1987q3 | 2.492438 | 3.493721 |
| 1987q4 | 2.527248 | 3.571504 |
| 1988q1 | 2.600867 | 3.651715 |
| 1988q2 | 2.671772 | 3.729954 |
| 1988q3 | 2.735182 | 3.812275 |
| 1988q4 | 2.800038 | 3.887673 |
| 1989q1 | 2.865735 | 3.979805 |
| 1989q2 | 2.930578 | 4.020956 |
| 1989q3 | 3.001243 | 4.071453 |
| 1989q4 | 3.0694 | 4.136348 |
| 1990q1 | 3.155151 | 4.230723 |
| 1990q2 | 3.21426 | 4.294353 |
| 1990q3 | 3.2701 | 4.349913 |
| 1990q4 | 3.313646 | 4.37203 |
| 1991q1 | 3.363532 | 4.403031 |
| 1991q2 | 3.416944 | 4.457005 |
| 1991q3 | 3.432483 | 4.503445 |
| 1991q4 | 3.482937 | 4.574456 |
| 1992q1 | 3.53379 | 4.701356 |
| 1992q2 | 3.560602 | 4.781976 |
| 1992q3 | 3.60996 | 4.833462 |
| 1992q4 | 3.665125 | 4.884216 |
| 1993q1 | 3.69771 | 4.940843 |
| 1993q2 | 3.757836 | 4.982921 |
| 1993q3 | 3.817589 | 5.007673 |
| 1993q4 | 3.885203 | 5.069489 |
| 1994q1 | 3.954128 | 5.123115 |
| 1994q2 | 4.02809 | 5.206227 |
| 1994q3 | 4.098557 | 5.274537 |
| 1994q4 | 4.186711 | 5.372975 |
| 1995q1 | 4.261703 | 5.450268 |
| 1995q2 | 4.33909 | 5.493511 |
| 1995q3 | 4.418266 | 5.564846 |
| 1995q4 | 4.487342 | 5.621646 |
| 1996q1 | 4.593097 | 5.707243 |
| 1996q2 | 4.673375 | 5.799819 |
| 1996q3 | 4.736968 | 5.87108 |
| 1996q4 | 4.811171 | 5.941631 |
| 1997q1 | 4.881267 | 6.027737 |
| 1997q2 | 4.945409 | 6.094276 |
| 1997q3 | 5.036016 | 6.182666 |
| 1997q4 | 5.097361 | 6.290722 |
| 1998q1 | 5.185896 | 6.424437 |
| 1998q2 | 5.29425 | 6.525723 |
| 1998q3 | 5.37819 | 6.612147 |
| 1998q4 | 5.495927 | 6.682773 |
| 1999q1 | 5.631198 | 6.760026 |
| 1999q2 | 5.745174 | 6.81291 |
| 1999q3 | 5.880033 | 6.894656 |
| 1999q4 | 5.985186 | 7.03758 |
| 2000q1 | 6.105846 | 7.2363 |
| 2000q2 | 6.250453 | 7.344901 |
| 2000q3 | 6.410252 | 7.476959 |
| 2000q4 | 6.555141 | 7.543832 |
| 2001q1 | 6.712193 | 7.659066 |
| 2001q2 | 6.887616 | 7.68896 |
| 2001q3 | 7.052705 | 7.876684 |
| 2001q4 | 7.213862 | 7.78436 |
| 2002q1 | 7.404844 | 7.988201 |
| 2002q2 | 7.580534 | 8.090544 |
| 2002q3 | 7.792055 | 8.12081 |
| 2002q4 | 8.025052 | 8.197212 |
| 2003q1 | 8.233569 | 8.278078 |
| 2003q2 | 8.494977 | 8.405181 |
| 2003q3 | 8.756256 | 8.595108 |
| 2003q4 | 9.012809 | 8.664765 |
| 2004q1 | 9.228839 | 8.794462 |
| 2004q2 | 9.501355 | 8.943526 |
| 2004q3 | 9.776146 | 9.042913 |
| 2004q4 | 10.07955 | 9.228233 |
| 2005q1 | 10.32846 | 9.186563 |
| 2005q2 | 10.62214 | 9.320841 |
| 2005q3 | 10.94139 | 9.471452 |
| 2005q4 | 11.23325 | 9.624379 |
| 2006q1 | 11.60872 | 9.889811 |
| 2006q2 | 11.91337 | 9.981056 |
| 2006q3 | 12.18013 | 10.08115 |
| 2006q4 | 12.37232 | 10.19552 |
| 2007q1 | 12.61239 | 10.35798 |
| 2007q2 | 12.84495 | 10.4605 |
| 2007q3 | 13.07475 | 10.54731 |
| 2007q4 | 13.22904 | 10.66216 |
| 2008q1 | 13.34333 | 10.8312 |
| 2008q2 | 13.35824 | 11.17541 |
| 2008q3 | 13.31782 | 11.02971 |
| 2008q4 | 13.23132 | 10.94137 |
| 2009q1 | 13.20276 | 10.85895 |
| 2009q2 | 13.13104 | 10.98519 |
| 2009q3 | 13.04656 | 10.93302 |
| 2009q4 | 12.97218 | 10.99295 |
| 2010q1 | 12.8069 | 11.04146 |
| 2010q2 | 12.72419 | 11.19764 |
| 2010q3 | 12.63956 | 11.28666 |
| 2010q4 | 12.56297 | 11.42572 |
| 2011q1 | 12.53223 | 11.6522 |
| 2011q2 | 12.49859 | 11.75167 |
| 2011q3 | 12.47248 | 11.87663 |
| 2011q4 | 12.45421 | 11.92491 |
| 2012q1 | 12.43488 | 12.18602 |
| 2012q2 | 12.42888 | 12.29664 |
| 2012q3 | 12.41871 | 12.32378 |
| 2012q4 | 12.41827 | 12.72968 |
| 2013q1 | 12.41767 | 12.34038 |
| 2013q2 | 12.43645 | 12.47071 |
| 2013q3 | 12.48917 | 12.58584 |
| 2013q4 | 12.50367 | 12.62366 |
| 2014q1 | 12.52733 | 12.77294 |
| 2014q2 | 12.58271 | 12.9452 |
| 2014q3 | 12.64185 | 13.06119 |
| 2014q4 | 12.6961 | 13.16782 |
Figure 2: Household Debt relative to Disposable Personal Income
Source: Financial Accounts of the United States.
Historical average line value: 0.712202
Ratio
| Quarter | Quarterly |
|---|---|
| 1952q1 | 0.325879 |
| 1952q2 | 0.334812 |
| 1952q3 | 0.337145 |
| 1952q4 | 0.343506 |
| 1953q1 | 0.352693 |
| 1953q2 | 0.358742 |
| 1953q3 | 0.368117 |
| 1953q4 | 0.376037 |
| 1954q1 | 0.377886 |
| 1954q2 | 0.389164 |
| 1954q3 | 0.394555 |
| 1954q4 | 0.401743 |
| 1955q1 | 0.410771 |
| 1955q2 | 0.420109 |
| 1955q3 | 0.427867 |
| 1955q4 | 0.436567 |
| 1956q1 | 0.443859 |
| 1956q2 | 0.44873 |
| 1956q3 | 0.452794 |
| 1956q4 | 0.453647 |
| 1957q1 | 0.458416 |
| 1957q2 | 0.460859 |
| 1957q3 | 0.463201 |
| 1957q4 | 0.470663 |
| 1958q1 | 0.473606 |
| 1958q2 | 0.474679 |
| 1958q3 | 0.473075 |
| 1958q4 | 0.478608 |
| 1959q1 | 0.485027 |
| 1959q2 | 0.489066 |
| 1959q3 | 0.501754 |
| 1959q4 | 0.51048 |
| 1960q1 | 0.514076 |
| 1960q2 | 0.518988 |
| 1960q3 | 0.526419 |
| 1960q4 | 0.533587 |
| 1961q1 | 0.535819 |
| 1961q2 | 0.5343 |
| 1961q3 | 0.535068 |
| 1961q4 | 0.537381 |
| 1962q1 | 0.539492 |
| 1962q2 | 0.54498 |
| 1962q3 | 0.553037 |
| 1962q4 | 0.560064 |
| 1963q1 | 0.566794 |
| 1963q2 | 0.574253 |
| 1963q3 | 0.581045 |
| 1963q4 | 0.585018 |
| 1964q1 | 0.586208 |
| 1964q2 | 0.582917 |
| 1964q3 | 0.588119 |
| 1964q4 | 0.59259 |
| 1965q1 | 0.598425 |
| 1965q2 | 0.602356 |
| 1965q3 | 0.597351 |
| 1965q4 | 0.595572 |
| 1966q1 | 0.598384 |
| 1966q2 | 0.600484 |
| 1966q3 | 0.595589 |
| 1966q4 | 0.590511 |
| 1967q1 | 0.58561 |
| 1967q2 | 0.583955 |
| 1967q3 | 0.583019 |
| 1967q4 | 0.583902 |
| 1968q1 | 0.577859 |
| 1968q2 | 0.572154 |
| 1968q3 | 0.575958 |
| 1968q4 | 0.57844 |
| 1969q1 | 0.580335 |
| 1969q2 | 0.577263 |
| 1969q3 | 0.567853 |
| 1969q4 | 0.565241 |
| 1970q1 | 0.55382 |
| 1970q2 | 0.543941 |
| 1970q3 | 0.536212 |
| 1970q4 | 0.537074 |
| 1971q1 | 0.534029 |
| 1971q2 | 0.528597 |
| 1971q3 | 0.533163 |
| 1971q4 | 0.537604 |
| 1972q1 | 0.544098 |
| 1972q2 | 0.548681 |
| 1972q3 | 0.548182 |
| 1972q4 | 0.540096 |
| 1973q1 | 0.548519 |
| 1973q2 | 0.54864 |
| 1973q3 | 0.550244 |
| 1973q4 | 0.548742 |
| 1974q1 | 0.554717 |
| 1974q2 | 0.555491 |
| 1974q3 | 0.551185 |
| 1974q4 | 0.545708 |
| 1975q1 | 0.543998 |
| 1975q2 | 0.517395 |
| 1975q3 | 0.525922 |
| 1975q4 | 0.528014 |
| 1976q1 | 0.531469 |
| 1976q2 | 0.536652 |
| 1976q3 | 0.539591 |
| 1976q4 | 0.545781 |
| 1977q1 | 0.555331 |
| 1977q2 | 0.560442 |
| 1977q3 | 0.565538 |
| 1977q4 | 0.568535 |
| 1978q1 | 0.577045 |
| 1978q2 | 0.584005 |
| 1978q3 | 0.593507 |
| 1978q4 | 0.601554 |
| 1979q1 | 0.608708 |
| 1979q2 | 0.618747 |
| 1979q3 | 0.62328 |
| 1979q4 | 0.627368 |
| 1980q1 | 0.626501 |
| 1980q2 | 0.62531 |
| 1980q3 | 0.616444 |
| 1980q4 | 0.604162 |
| 1981q1 | 0.60192 |
| 1981q2 | 0.604492 |
| 1981q3 | 0.592293 |
| 1981q4 | 0.590553 |
| 1982q1 | 0.590987 |
| 1982q2 | 0.58802 |
| 1982q3 | 0.574863 |
| 1982q4 | 0.573927 |
| 1983q1 | 0.567324 |
| 1983q2 | 0.571141 |
| 1983q3 | 0.5712 |
| 1983q4 | 0.573856 |
| 1984q1 | 0.576509 |
| 1984q2 | 0.58032 |
| 1984q3 | 0.583596 |
| 1984q4 | 0.592797 |
| 1985q1 | 0.61984 |
| 1985q2 | 0.619661 |
| 1985q3 | 0.640982 |
| 1985q4 | 0.65017 |
| 1986q1 | 0.65412 |
| 1986q2 | 0.663702 |
| 1986q3 | 0.678479 |
| 1986q4 | 0.693861 |
| 1987q1 | 0.693301 |
| 1987q2 | 0.715559 |
| 1987q3 | 0.713405 |
| 1987q4 | 0.707614 |
| 1988q1 | 0.712232 |
| 1988q2 | 0.716302 |
| 1988q3 | 0.717467 |
| 1988q4 | 0.720235 |
| 1989q1 | 0.720069 |
| 1989q2 | 0.728826 |
| 1989q3 | 0.737143 |
| 1989q4 | 0.742056 |
| 1990q1 | 0.745771 |
| 1990q2 | 0.748485 |
| 1990q3 | 0.751762 |
| 1990q4 | 0.757919 |
| 1991q1 | 0.763913 |
| 1991q2 | 0.766646 |
| 1991q3 | 0.762191 |
| 1991q4 | 0.761388 |
| 1992q1 | 0.751653 |
| 1992q2 | 0.744588 |
| 1992q3 | 0.746868 |
| 1992q4 | 0.750402 |
| 1993q1 | 0.748397 |
| 1993q2 | 0.754143 |
| 1993q3 | 0.762348 |
| 1993q4 | 0.766389 |
| 1994q1 | 0.771821 |
| 1994q2 | 0.773706 |
| 1994q3 | 0.777046 |
| 1994q4 | 0.779217 |
| 1995q1 | 0.781925 |
| 1995q2 | 0.789857 |
| 1995q3 | 0.79396 |
| 1995q4 | 0.798226 |
| 1996q1 | 0.804784 |
| 1996q2 | 0.805779 |
| 1996q3 | 0.806831 |
| 1996q4 | 0.809739 |
| 1997q1 | 0.809801 |
| 1997q2 | 0.811484 |
| 1997q3 | 0.814538 |
| 1997q4 | 0.810298 |
| 1998q1 | 0.807214 |
| 1998q2 | 0.811289 |
| 1998q3 | 0.81338 |
| 1998q4 | 0.822402 |
| 1999q1 | 0.833014 |
| 1999q2 | 0.843278 |
| 1999q3 | 0.852839 |
| 1999q4 | 0.850461 |
| 2000q1 | 0.84378 |
| 2000q2 | 0.850992 |
| 2000q3 | 0.857334 |
| 2000q4 | 0.86894 |
| 2001q1 | 0.876372 |
| 2001q2 | 0.89578 |
| 2001q3 | 0.89539 |
| 2001q4 | 0.926712 |
| 2002q1 | 0.926973 |
| 2002q2 | 0.936962 |
| 2002q3 | 0.959517 |
| 2002q4 | 0.978998 |
| 2003q1 | 0.994623 |
| 2003q2 | 1.010683 |
| 2003q3 | 1.018749 |
| 2003q4 | 1.040168 |
| 2004q1 | 1.049392 |
| 2004q2 | 1.062372 |
| 2004q3 | 1.081084 |
| 2004q4 | 1.092251 |
| 2005q1 | 1.124301 |
| 2005q2 | 1.139612 |
| 2005q3 | 1.155197 |
| 2005q4 | 1.167167 |
| 2006q1 | 1.173806 |
| 2006q2 | 1.193599 |
| 2006q3 | 1.208208 |
| 2006q4 | 1.213506 |
| 2007q1 | 1.217649 |
| 2007q2 | 1.227948 |
| 2007q3 | 1.239629 |
| 2007q4 | 1.240747 |
| 2008q1 | 1.231934 |
| 2008q2 | 1.195325 |
| 2008q3 | 1.20745 |
| 2008q4 | 1.209293 |
| 2009q1 | 1.215842 |
| 2009q2 | 1.19534 |
| 2009q3 | 1.193317 |
| 2009q4 | 1.180045 |
| 2010q1 | 1.159892 |
| 2010q2 | 1.136327 |
| 2010q3 | 1.119867 |
| 2010q4 | 1.099534 |
| 2011q1 | 1.075524 |
| 2011q2 | 1.063558 |
| 2011q3 | 1.05017 |
| 2011q4 | 1.044386 |
| 2012q1 | 1.020422 |
| 2012q2 | 1.010754 |
| 2012q3 | 1.007703 |
| 2012q4 | 0.975537 |
| 2013q1 | 1.006264 |
| 2013q2 | 0.997253 |
| 2013q3 | 0.992319 |
| 2013q4 | 0.990495 |
| 2014q1 | 0.980771 |
| 2014q2 | 0.971998 |
| 2014q3 | 0.967894 |
| 2014q4 | 0.964177 |
Figure 3: Annual Changes in Household Debt
Source: Financial Accounts of the United States.
Billions of dollars
| Year | Mortgage Chargeoffs | Mortgage Net Originations | Consumer Credit | Total |
|---|---|---|---|---|
| 2007 | -32 | 772 | 154 | 894 |
| 2008 | -138 | 43 | 35 | -60 |
| 2009 | -239 | 24 | -98 | -313 |
| 2010 | -186 | -162 | 95 | -253 |
| 2011 | -154 | -89 | 109 | -134 |
| 2012 | -142 | -76 | 168 | -50 |
| 2013 | -92 | -4 | 174 | 78 |
| 2014 | -52 | 29 | 218 | 195 |
Figure 4: Quarterly Changes in Household Debt
Source: Financial Accounts of the United States.
Billions of dollars
| Quarter | Mortgage Chargeoffs | Mortgage Net Originations | Consumer Credit | Total |
|---|---|---|---|---|
| 2013q1 | -28 | -25 | 45 | -8 |
| 2013q2 | -26 | 1 | 41 | 16 |
| 2013q3 | -22 | 33 | 48 | 59 |
| 2013q4 | -17 | -12 | 41 | 12 |
| 2014q1 | -15 | -18 | 51 | 18 |
| 2014q2 | -13 | 4 | 65 | 56 |
| 2014q3 | -12 | 26 | 54 | 68 |
| 2014q4 | -12 | 17 | 49 | 54 |
Figure 5: Annual Changes in Consumer Credit
Source: Consumer Credit (G19) Statistical Release.
Billions of dollars
| Year | credit cards | auto loans | student loans | other credit | total |
|---|---|---|---|---|---|
| 2007 | 78 | 16 | 80 | -20 | 154 |
| 2008 | 2 | -24 | 94 | -37 | 35 |
| 2009 | -88 | -58 | 101 | -53 | -98 |
| 2010 | -77 | -6 | 81 | 96 | 94 |
| 2011 | 2 | 38 | 100 | -31 | 109 |
| 2012 | 5 | 58 | 119 | -14 | 168 |
| 2013 | 11 | 70 | 92 | 2 | 175 |
| 2014 | 31 | 78 | 99 | 10 | 218 |