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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

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 An archived version of the old DSR series will continue to be hosted at https://www.federalreserve.gov/releases/housedebt/default.htm, but will no longer be updated.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
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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