The Federal Reserve Board in Washington, D.C., calculates two frequently used summary measures of household debt burden: the household debt service ratio and the household financial obligation ratio.2 ...

Americans’ spending power is rising. Real disposable personal income -- which is the amount remaining after taxes and adjustments for inflation -- climbed by 1.9% in September from a year ago.

The level of household income being used to service debt just hit a record low, per the Fed. It dropped to 8.2% in the first quarter of 2020, the lowest level since it was first tracked in 1980. On ...