Household Financial Obligations Down Significantly

Consumers are definitely deleveraging. Financial obligations as a percent of disposable personal income peaked at 18.9% in Q3 2007 but have since dropped to 16.2%. This is a positive trend for consumers. You can see below that disposable personal incomes are on the rise since the recession which is contributing to the lower leverage.

US Household Financial Obligations  Chart

US Household Financial Obligations Chart by YCharts

Read more articles about: Economic Watch  

blog comments powered by Disqus

Search Articles

Subscribe to YCharts Analysis



Start your free 7-Day Trial.

{{}} No credit card required.

Already a subscriber? Sign in.