---
title: "Household Debt Service Ratio"
slug: debt-service
summary: "Scheduled household debt payments equal 11.1% of disposable personal income"
category: "Savings"
unit: percent
frequency: quarterly
direction: higher_is_worse
latest_value: 11.111439
latest_period: "2026-Q2"
trend: stable
last_updated: "2026-09-22T00:00:00Z"
source: "Board of Governors of the Federal Reserve System data retrieved via FRED"
source_url: https://fred.stlouisfed.org/series/BOGZ1FL010000346Q
source_urls:
  - https://fred.stlouisfed.org/series/BOGZ1FL010000346Q
  - https://fred.stlouisfed.org/series/TDSP
canonical_html: https://americandefault.org/indicators/debt-service/
citation_apa: "Kilburn, R. (2026). Household Debt Service Ratio [Data set]. American Default Research. https://americandefault.org/indicators/debt-service/"
citation_chicago: "Kilburn, Ross. 2026. \"Household Debt Service Ratio.\" American Default Research. https://americandefault.org/indicators/debt-service/."
citation_mla: "Kilburn, Ross. \"Household Debt Service Ratio.\" American Default Research, 2026, americandefault.org/indicators/debt-service/."
---

# Household Debt Service Ratio

Also tracked as Debt Service.

> Scheduled household debt payments equal 11.1% of disposable personal income

## Current Reading

As of 2026-Q2, Household Debt Service Ratio is **11.11%** (stable).

of disposable personal income goes to scheduled debt payments

## What Changed

- Scheduled household debt payments equaled 11.1% of disposable personal income in Q2 2026, little changed from 11.2% in Q1 2026.
- The ratio matched its level a year earlier.
- The lowest reading since Q1 2025.

## Recent Values

| Period | Value |
|--------|-------|
| 2026-Q2 | 11.11% |
| 2026-Q1 | 11.16% |
| 2025-Q4 | 11.32% |
| 2025-Q3 | 11.23% |
| 2025-Q2 | 11.12% |
| 2025-Q1 | 11.11% |
| 2024-Q4 | 11.12% |
| 2024-Q3 | 11.14% |
| 2024-Q2 | 11.02% |
| 2024-Q1 | 11.06% |
| 2023-Q4 | 11.1% |
| 2023-Q3 | 10.75% |

## Historical Context

This series is not comparable end to end, so no all-time extreme or long-run average is published for it. The source changed what it measures on the following date(s):

- Q1 2005: Readings from 2005 on use the Federal Reserve Board's current method, which estimates debt payments from scheduled required payments in credit bureau data and includes mortgage escrow for property taxes and insurance. The Board states that quarterly values on the current method are available from 2005 forward. Earlier readings exist only on the previous method, which built payments from estimated balances, interest rates and loan terms. Where both methods cover the same quarters, the gap between them is not constant: about 0.6 to 2.9 percentage points. Source: https://www.federalreserve.gov/releases/dsr/about.htm

Compare readings only within a single segment. Subtracting across one of these dates measures the change in method, not in household conditions.

## Methodology

This indicator carries quarterly observations and is interpreted as higher values indicate worse household conditions. Source: Board of Governors of the Federal Reserve System data retrieved via FRED.
Automation: collected automatically on the daily refresh pipeline, with no hand entry.

## Source

Board of Governors of the Federal Reserve System data retrieved via FRED
- [https://fred.stlouisfed.org/series/BOGZ1FL010000346Q](https://fred.stlouisfed.org/series/BOGZ1FL010000346Q)
- [https://fred.stlouisfed.org/series/TDSP](https://fred.stlouisfed.org/series/TDSP)

Data retrieved: 2026-09-22T00:00:00Z

## Related Indicators

- [mortgage-debt-service-ratio](https://americandefault.org/indicators/mortgage-debt-service-ratio/)
- [the-buffer](https://americandefault.org/indicators/the-buffer/)
- [the-card-tax](https://americandefault.org/indicators/the-card-tax/)

## Machine-Readable Endpoints

- HTML page: https://americandefault.org/indicators/debt-service/
- JSON: https://americandefault.org/api/indicators/debt-service.json
- CSV: https://americandefault.org/api/downloads/debt-service.csv
- BibTeX: https://americandefault.org/citations/debt-service.bib
- RIS: https://americandefault.org/citations/debt-service.ris

## Citation

**APA 7th**

    Kilburn, R. (2026). Household Debt Service Ratio [Data set]. American Default Research. https://americandefault.org/indicators/debt-service/

**Chicago (author-date)**

    Kilburn, Ross. 2026. "Household Debt Service Ratio." American Default Research. https://americandefault.org/indicators/debt-service/.

**MLA 9th**

    Kilburn, Ross. "Household Debt Service Ratio." American Default Research, 2026, americandefault.org/indicators/debt-service/.

Use **American Default Research** as the institutional name in source lists, bibliographies, and press citations. **American Default** is the brand and URL form. **American Distress Index (ADI)** is the product name for the national composite score.