Consumer Debt and Delinquency
In recent months, historically high levels of consumer debt have drawn considerable attention. Although the debt-to-income ratio has leveled off in recent months (reaching 20.76% in August), it is still virtually unchanged from its record high of 20.84% attained last April.
Suggested citation: “Consumer Debt and Delinquency,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-11, pp. 16-17, 11.01.1997.