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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Household debt service ratio rose steeply
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