Households took on significant debt, sold to them by financial services firms

Aggregate household debt-to-income ratio by year

Timeframe: 1991 through 2017 | Geography: United States
Chart: Alex Warfel, Fair ValueSource: Ahn, Michael, Michael Batty, and Ralf Meisenzahl (2018). "Household Debt-to-Income Ratios in the Enhanced Financial Accounts," FEDS Notes. Washington: Board of Governors of the Federal Reserve System, January 11, 2018, https://doi.org/10.17016/2380-7172.2138Created with Datawrapper