2003 Household Debt Ratios

Quarter	DSR	FOR Homeowner	FOR Renter	FOR

1st	13.29	18.65	14.1	32.16
2nd	13.24	18.5	14.03	31.83
3rd	13.14	18.32	13.91	31.43

2003 Quarterly

The household debt service ratio (DSR) is an estimate of the ratio of debt payments to disposable personal income. Debt payments consist of the estimated required payments on outstanding mortgage and consumer debt.

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.

Homeowner and renter FORs are calculated by applying homeowner and renter shares of payments and income derived from the Survey of Consumer Finances and Current Population Survey to the numerator and denominator of the FOR.

Household debt service payments and financial obligations as a percentage of disposable personal income; seasonally adjusted

Data is reported by the Federal Reserve Board and is stored as informational resource only.