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.