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**

**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. The new series can be found at https://www.federalreserve.gov/releases/dsr/ and the new methodology is described here. An archived version of the old DSR series will continue to be hosted at https://www.federalreserve.gov/releases/housedebt/default.htm, but will no longer be updated.

**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	15.28	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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