Household Debt Service Payments Rise


Household Debt Service Payments Rise
(Source: Federal Reserve Bank of St. Louis)

In the first quarter of this year, household debt service payments stood at 9.5% of disposable personal income in the United States.

That’s an increase over the low of 8.4% in first-quarter 2021, but remains far below the high of 13.2% recorded in the fourth quarter of 2007.