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Household Debt and Delinquencies

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Over the last few years, the ratio of household debt to disposable income has reached historic high levels, raising concerns about the financial stability of U.S. households. The record number of personal bankruptcy filings (1996:IIIQ alone saw more than 290,000), along with increases in credit card charge-offs (which reached 4.49% of total credit card debt outstanding in 1996:IIQ), has further heightened this concern.


Suggested citation: “Household Debt and Delinquencies,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-02, pp. 16-17, 02.01.1997.

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