Historical Year Data · 2023
Household Debt Service Ratio in 2023
Household Debt Service Ratio opened 2023 at 10.56% and closed at 11.10%, a +5.04% move for the year. The high of 11.10% was reached on October 1, and the low of 10.56% on January 1.
Open
10.56%
2023-01
Close
11.10%
4 data points
High
11.10%
Oct 1
Low
10.56%
Jan 1
Full Year Change
+5.04%
2022 Change
+2.53%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 10.56% | 10.56% | 10.56% | 10.56% | +0.00% |
| Apr | 10.58% | 10.58% | 10.58% | 10.58% | +0.00% |
| Jul | 10.75% | 10.75% | 10.75% | 10.75% | +0.00% |
| Oct | 11.10% | 11.10% | 11.10% | 11.10% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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