SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: JBTFD who wrote (515516)12/24/2003 1:05:33 PM
From: Oeconomicus  Read Replies (1) of 769670
 
The average American has a larger debt burden(including
home equity and mortgage debt as well as consumer debt)
than he did a year ago. That is one way in which we
have "lost ground".

Wrong, Mark. The "debt burden" (financial obligations as a
percentage of disposable income) of the "average American"
has fallen over the last year. In fact, for the "average
American" and the average American homeowner it is lower
than it was when Bush took office. The changes are small
and counting only "borrowed money" and not other financial
obligations, it has risen insignificantly, but one can't
reasonably conclude that the "average American" has "lost
ground" over the last year on this basis.

Household debt service payments and financial obligations
as a percentage of disposable personal income; seasonally
adjusted
Quarter DSR FOR Homeowner FOR Renter FOR
01q1 13.13 18.18 14.16 28.29
01q2 13.28 18.36 14.28 28.74
01q3 13.13 18.13 14.07 28.73
01q4 13.58 18.71 14.54 29.62
02q1 13.31 18.29 14.21 29.18
02q2 13.26 18.17 14.12 29.09
02q3 13.28 18.16 14.12 29.09
02q4 13.29 18.15 14.13 29.03
03q1 13.29 18.12 14.12 28.89
03q2 13.30 18.09 14.11 28.78

*The financial obligations ratio (FOR) is a broader measure
than the debt service ratio. The FOR includes automobile
lease payments, rental payments on tenant-occupied
property, homeowners' insurance, and property tax payments.

federalreserve.gov
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News