Quick Answer
As of July 1, 2023, Household Financial Obligations Ratio is 14.20%. Source: FRED series FODSP via Convex.
Cite this: https://convextrade.com/metrics/fodsp#answer · Data: CSV (stable URL)
Discontinued series — historical reference. The Fed discontinued the Financial Obligations Ratio after 2023 Q3. The data below is preserved for historical context and no longer updates.
Household Financial Obligations Ratio
Household financial obligations (debt service plus auto lease, rent, homeowner insurance, property tax) as a share of disposable personal income.
The Household Financial Obligations Ratio is currently 14.20%, final observation .
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Jul 21, 2026It is the one view my process has consistently gotten right, it is directly confirmed by the data (10Y 4.60% +5bp, real yields accelerating, term premium widening, fiscal supply), and the Fed's hawkish-hold reaction function reinforces it. This is the dominant headwind for long-duration risk (Tech, high-multiple growth, gold, BTC, Real Estate/Utilities) and the mechanical driver of the bear steepening. A reversal below 2.0% would require a genuine growth scare forcing cuts (scenario 3).
Recent Data
Download CSV| Date | Value | Change |
|---|---|---|
| Jul 1, 2023 | 14.20% | +0.63% |
| Apr 1, 2023 | 14.11% | -0.10% |
| Jan 1, 2023 | 14.12% | -1.90% |
| Oct 1, 2022 | 14.40% | +0.32% |
| Jul 1, 2022 | 14.35% | +0.02% |
| Apr 1, 2022 | 14.35% | +0.30% |
| Jan 1, 2022 | 14.31% | +2.08% |
| Oct 1, 2021 | 14.01% | +1.09% |
| Jul 1, 2021 | 13.86% | +1.99% |
| Apr 1, 2021 | 13.59% | +9.36% |
| Jan 1, 2021 | 12.43% | -10.98% |
| Oct 1, 2020 | 13.96% | +2.13% |
| Jul 1, 2020 | 13.67% | +3.17% |
| Apr 1, 2020 | 13.25% | -9.29% |
| Jan 1, 2020 | 14.61% | -0.70% |
| Oct 1, 2019 | 14.71% | -0.21% |
| Jul 1, 2019 | 14.74% | +0.06% |
| Apr 1, 2019 | 14.73% | +0.49% |
| Jan 1, 2019 | 14.66% | -0.35% |
| Oct 1, 2018 | 14.71% | +0.03% |
| Jul 1, 2018 | 14.71% | -0.26% |
| Apr 1, 2018 | 14.75% | -0.45% |
| Jan 1, 2018 | 14.82% | -0.61% |
| Oct 1, 2017 | 14.91% | — |
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated quarterly. This page is for informational purposes only and does not constitute financial advice.