The Fed’s measure of household debt service payments as a percentage of disposable personal income increased to 11.32% in Q4 2025 from 11.26% in Q3 2025, the highest since Q1 2020.

• Mortgage debt as a percentage of disposable income was 5.92%, up from 5.89%, and the highest since Q1 2020.
• Consumer debt as a percentage of disposable income was 5.40%, up from 5.37%, and the highest since Q4 2024.

The Fed’s measure of household debt service payments as a percentage of disposable personal income increased to 11.26% in Q3 2025 from 11.12% in Q2 2025, the highest since Q1 2020.

• Mortgage debt as a percentage of disposable income was 5.89%, up from 5.84%, and the highest since Q1 2020.
• Consumer debt as a percentage of disposable income was 5.37%, up from 5.30%, and the highest since Q4 2024.

The Fed’s measure of household debt service payments as a percentage of disposable personal income edged down to 11.25% in Q2 2025 from 11.26% in Q1 2025., the lowest in a year.

• Mortgage debt as a percentage of disposable income was 5.89%, up from 5.84%, and the highest since Q1 2020.
• Consumer debt as a percentage of disposable income was 5.36%, down from 5.42%, and the lowest since Q3 2023.

Household debt service payments as a percentage of disposable personal income fell -4 bps to 11.25% in Q1 2025. From a year ago, the measure is only up 9 bps and has been relatively stable since Q3 2022.