Household Debt Service and Financial Obligations Ratios

The household Debt Service Ratio (DSR) is the ratio of total required household debt payments to total disposable income. The DSR is divided into two parts. The Mortgage DSR is total quarterly required mortgage payments divided by total quarterly disposable personal income. The Consumer DSR is total quarterly scheduled consumer debt payments divided by total quarterly disposable personal income. The Mortgage DSR and the Consumer DSR sum to the DSR. Starting with the 2024 Q2 Debt Service Ratio (DSR) publication, the Board transitioned 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: https://www.federalreserve.gov/econres/notes/feds-notes/introducing-a-credit-bureau-based-measure-of-u-s-household-debt-service-20240904.html. An archived version of the old DSR series will continue to be hosted at https://www.federalreserve.gov/releases/housedebt/default.htm, but will no longer be updated.

                                            [
  "920:00"
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                                            {
  "fn": "Katherine Tom",
  "hasEmail": "mailto:ogda-data@frb.gov"
}
                                        

                                            [
  "Consumer economics",
  "Consumer finance",
  "Data resource",
  "FRS created data"
]
                                        

                                            [
  "920:000"
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                                            {
  "name": "Board of Governors of the Federal Reserve System"
}