Tracker
Household Debt-Service Ratio
Required debt payments as a share of disposable income.
11.3%
Percent · latest, Oct 2025
vs prior quarter ▲ 0.1 pp
vs year ago ▲ 0.2 pp
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Source: FRED · TDSP · series · Jan 2005 to Oct 2025
· latest-revised
Reading it. Estimated minimum payments on mortgage and consumer debt measured against after-tax income. A read on how stretched household budgets are by debt. Federal Reserve estimate; quarterly from 2005.
About the bands. Shaded spans are NBER-dated US recessions, drawn as factual overlays. They mark when the economy contracted, not why. Lining an event or policy up with a move on this chart is not evidence that it caused the move.