The percentage of disposable personal income going to pay household debt was 9.8% in the fourth quarter of 2023, according to the Federal Reserve Bank of St. Louis.
That was an increase of 1.5 percentage points over the pandemic-era low of 8.3% in the first quarter of 2021 but still far below the 13.3% recorded during fourth-quarter 2007, during the Great Recession.
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