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.