Household debt service ratio rose steeply
The household debt service ratio—i.e. debt payments on outstandiing mortgages and consumer debt versus disposable personal income—rose steeply; a trend exacerbated when car leases, health insurance and property tax payments are factored in as well.


US Household Debt Service Ratio 1985 to 2007

Source: Bureau of Economic Analysis (via Sequoia Capital)
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The Global Financial Crisis »The Global Financial Crisis
Immediate triggers of the financial crisis? »Immediate triggers of the financial crisis?
Bubble in US house prices collapsed »Bubble in US house prices collapsed
Household debt service ratio rose steeply
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