Household Debt Service and Financial Obligations Ratios

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The household debt service ratio (DSR) is an estimate of the ratio of debt payments to disposable personal income. Debt payments consist of the estimated required payments on outstanding mortgage and consumer debt.

The financial obligations ratio (FOR) adds automobile lease payments, rental payments on tenant-occupied property, homeowners' insurance, and property tax payments to the debt service ratio.

Homeowner and renter FORs are calculated by applying homeowner and renter shares of payments and income derived from the Survey of Consumer Finances and Current Population Survey to the numerator and denominator of the FOR.

The homeowner mortgage FOR includes payments on mortgage debt, homeowners' insurance, and property taxes, while the homeowner consumer FOR includes payments on consumer debt and automobile leases.

NOTE: The 2006 Q2 release incorporates data from the 2005 quinquennial finance company survey, NIPA annual revisions, historical revisions to mortgage data in the Flow of Funds Accounts, and new seasonal factors. Revisions extend back to 1980. For additional information on the 2005 quinquennial finace company survey, please see this summary.

**Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted**
Quarter	DSR	FOR
		Total	Renter	Homeowner
		Total	Renter	Total	Mortgage	Consumer
80q1	11.13	15.90	24.57	13.77	8.12	5.65
80q2	11.16	16.02	24.54	13.92	8.37	5.55
80q3	10.88	15.72	23.92	13.68	8.37	5.30
80q4	10.58	15.37	23.62	13.33	8.28	5.05
81q1	10.62	15.44	23.67	13.41	8.41	4.99
81q2	10.73	15.62	24.00	13.55	8.57	4.99
81q3	10.60	15.46	23.91	13.38	8.51	4.88
81q4	10.64	15.56	24.09	13.46	8.62	4.85
82q1	10.71	15.67	23.66	13.65	8.81	4.85
82q2	10.75	15.71	23.17	13.79	8.91	4.87
82q3	10.66	15.64	22.64	13.77	8.92	4.86
82q4	10.61	15.64	22.27	13.82	8.97	4.86
83q1	10.57	15.60	22.39	13.75	8.92	4.83
83q2	10.57	15.59	22.45	13.73	8.90	4.83
83q3	10.57	15.57	22.58	13.70	8.86	4.84
83q4	10.62	15.59	22.70	13.71	8.84	4.87
84q1	10.64	15.55	22.65	13.68	8.80	4.88
84q2	10.76	15.64	22.87	13.76	8.80	4.97
84q3	10.85	15.75	23.28	13.82	8.79	5.03
84q4	10.98	15.95	23.75	13.96	8.86	5.09
85q1	11.29	16.35	24.33	14.32	9.09	5.23
85q2	11.38	16.44	24.56	14.39	9.12	5.27
85q3	11.74	16.95	25.34	14.82	9.36	5.46
85q4	11.85	17.10	25.71	14.94	9.42	5.51
86q1	11.87	17.11	25.71	14.95	9.44	5.51
86q2	11.97	17.25	26.03	15.06	9.48	5.58
86q3	12.12	17.44	26.27	15.24	9.55	5.69
86q4	12.29	17.68	26.50	15.48	9.71	5.77
87q1	12.13	17.59	26.40	15.40	9.69	5.71
87q2	12.29	17.84	26.63	15.66	9.90	5.76
87q3	12.16	17.66	26.49	15.48	9.80	5.69
87q4	12.01	17.46	26.34	15.29	9.68	5.61
88q1	11.95	17.36	26.05	15.23	9.67	5.56
88q2	11.94	17.31	25.78	15.23	9.70	5.53
88q3	11.90	17.24	25.58	15.20	9.72	5.48
88q4	11.77	17.10	25.44	15.06	9.63	5.43
89q1	11.73	16.99	25.03	15.03	9.64	5.38
89q2	11.92	17.21	25.07	15.28	9.81	5.46
89q3	12.02	17.32	24.95	15.43	9.96	5.48
89q4	12.05	17.36	24.80	15.51	10.04	5.47
90q1	11.99	17.29	24.67	15.44	10.07	5.36
90q2	11.98	17.28	24.66	15.43	10.11	5.31
90q3	11.97	17.30	24.72	15.43	10.16	5.27
90q4	11.99	17.37	24.71	15.51	10.30	5.20
91q1	11.96	17.38	24.53	15.54	10.39	5.15
91q2	11.82	17.25	24.25	15.43	10.39	5.04
91q3	11.72	17.16	24.07	15.35	10.40	4.95
91q4	11.53	16.97	23.67	15.19	10.33	4.86
92q1	11.29	16.69	23.56	14.87	10.15	4.72
92q2	11.14	16.54	23.52	14.70	10.04	4.66
92q3	10.99	16.39	23.44	14.54	9.93	4.61
92q4	10.80	16.16	23.41	14.28	9.73	4.55
93q1	11.02	16.47	24.00	14.52	9.90	4.62
93q2	10.84	16.22	23.79	14.27	9.69	4.58
93q3	10.90	16.32	23.88	14.37	9.71	4.66
93q4	10.79	16.19	23.90	14.22	9.55	4.67
94q1	10.96	16.50	24.55	14.44	9.63	4.81
94q2	10.95	16.46	24.65	14.39	9.52	4.87
94q3	11.04	16.57	25.03	14.45	9.49	4.96
94q4	11.14	16.64	25.12	14.52	9.49	5.02
95q1	11.35	16.87	25.47	14.72	9.58	5.15
95q2	11.58	17.15	26.00	14.95	9.65	5.30
95q3	11.73	17.33	26.40	15.09	9.64	5.46
95q4	11.82	17.43	26.82	15.15	9.58	5.57
96q1	11.83	17.40	26.75	15.15	9.48	5.67
96q2	11.90	17.45	26.67	15.24	9.48	5.76
96q3	11.98	17.54	26.93	15.32	9.46	5.86
96q4	12.06	17.64	27.17	15.41	9.44	5.97
97q1	12.02	17.61	27.05	15.41	9.43	5.98
97q2	12.05	17.67	27.18	15.46	9.46	6.00
97q3	12.07	17.68	27.24	15.48	9.44	6.04
97q4	12.05	17.62	27.21	15.42	9.37	6.06
98q1	11.94	17.43	27.28	15.22	9.22	6.00
98q2	11.98	17.44	27.54	15.20	9.14	6.06
98q3	11.97	17.41	27.79	15.14	9.07	6.07
98q4	12.01	17.44	28.08	15.14	9.04	6.10
99q1	12.09	17.56	28.33	15.23	9.07	6.16
99q2	12.23	17.74	28.88	15.37	9.13	6.24
99q3	12.37	17.90	29.20	15.50	9.19	6.32
99q4	12.36	17.83	29.27	15.44	9.18	6.26
00q1	12.26	17.62	29.07	15.25	9.08	6.18
00q2	12.46	17.81	29.46	15.42	9.17	6.25
00q3	12.60	17.92	29.77	15.51	9.19	6.32
00q4	12.86	18.22	30.47	15.75	9.31	6.44
01q1	12.97	18.34	30.54	15.87	9.35	6.52
01q2	13.17	18.59	30.90	16.09	9.48	6.61
01q3	12.99	18.33	30.94	15.81	9.36	6.46
01q4	13.40	18.87	31.26	16.36	9.64	6.72
02q1	13.24	18.59	30.52	16.18	9.51	6.67
02q2	13.33	18.62	29.97	16.33	9.61	6.72
02q3	13.50	18.80	29.57	16.61	9.81	6.80
02q4	13.61	18.88	29.05	16.80	9.96	6.84
03q1	13.62	18.83	28.50	16.87	10.02	6.84
03q2	13.58	18.71	27.86	16.85	10.03	6.82
03q3	13.47	18.52	27.07	16.78	10.01	6.77
03q4	13.54	18.57	26.76	16.91	10.12	6.79
04q1	13.50	18.48	26.38	16.89	10.14	6.75
04q2	13.49	18.46	26.17	16.92	10.20	6.71
04q3	13.65	18.61	26.11	17.13	10.37	6.76
04q4	13.56	18.46	26.10	16.97	10.36	6.61
05q1	13.92	18.91	26.20	17.48	10.76	6.72
05q2	14.04	19.04	26.13	17.64	10.93	6.71
05q3	14.17	19.19	25.98	17.84	11.11	6.73
05q4	14.10	19.06	25.96	17.71	11.13	6.58
06q1	14.13	19.09	25.80	17.79	11.31	6.48
06q2	14.30	19.28	25.92	18.00	11.55	6.45
06q3	14.39	19.40	25.95	18.13	11.73	6.40
06q4	14.42	19.46	26.11	18.17	11.79	6.38
07q1	14.32	19.36	25.87	18.09	11.77	6.32
07q2	14.39	19.48	26.28	18.15	11.84	6.32
07q3	14.39	19.49	26.34	18.16	11.83	6.33
07q4	14.38	19.49	26.35	18.15	11.83	6.32
08q1	14.34	19.42	26.38	18.07	11.75	6.32
08q2	13.84	18.82	25.67	17.49	11.38	6.10
08q3	14.01	19.05	26.25	17.64	11.46	6.19

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