Introducing a Credit Bureau-Based Measure of U.S. Household Debt Service
Each quarter, the Board publishes an estimate of the ratio of aggregate required household debt service payments to income. The numerator of this Debt Service Ratio (DSR) is calculated using estimates of the outstanding balances of household debts in various product categories, their average interest rates, and times until maturity.
Authors
- Daniel Ringo (ORCID: https://orcid.org/0000-0001-6203-9961)
Institutions
- Federal Reserve (US)
- Federal Reserve Board of Governors (US)
Publication Details
- Journal
- FEDS Notes
- Published
- 2024-09-01
- DOI
- https://doi.org/10.17016/2380-7172.3615
- Primary Topic
- Housing Market and Economics
- Type
- article
- Field-Weighted Citation Impact
- 0.00