The Federal Reserve’s latest Survey of Consumer Finances shows that debt pressure on U.S. households has increased, with loan delinquencies becoming more pronounced. The median household debt service-to-income ratio rose to 15.4%, up 2 percentage points from 2022. The share of households facing heavier debt service burdens climbed to 8.6%, the highest level since 2013. The figures point to a broader increase in repayment stress across household balance sheets, according to the data cited by ChainCatcher.
The Federal Reserve’s latest Survey of Consumer Finances shows rising debt pressure on U.S. households, with loan delinquencies becoming more pronounced.
According to the data cited by ChainCatcher, the median household debt service-to-income ratio rose to 15.4%, up 2 percentage points from 2022. The share of households carrying heavier debt service burdens increased to 8.6%, the highest level since 2013.
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