FRB: Figure 3 of Report to the Congress on Practices of the Consumer Credit Industry in Soliciting and Extending Credit and their Effects on Consumer Debt and Insolvency

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

Printable version (194 KB PDF)

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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