The Consumer Debt Burden Remains Near an All-Time High
| Year |
Quarter |
Minimum Debt-Service Burden Percent of Disposable Income |
Recession? |
| 1989 |
1 |
11.73 |
No |
| 2 |
11.92 |
No |
| 3 |
12.01 |
No |
| 4 |
12.05 |
No |
| 1990 |
1 |
11.99 |
No |
| 2 |
11.98 |
No |
| 3 |
11.97 |
Yes |
| 4 |
11.99 |
Yes |
| 1991 |
1 |
11.97 |
Yes |
| 2 |
11.82 |
No |
| 3 |
11.72 |
No |
| 4 |
11.53 |
No |
| 1992 |
1 |
11.29 |
No |
| 2 |
11.14 |
No |
| 3 |
10.99 |
No |
| 4 |
10.80 |
No |
| 1993 |
1 |
11.02 |
No |
| 2 |
10.84 |
No |
| 3 |
10.90 |
No |
| 4 |
10.79 |
No |
| 1994 |
1 |
10.98 |
No |
| 2 |
10.96 |
No |
| 3 |
11.06 |
No |
| 4 |
11.17 |
No |
| 1995 |
1 |
11.39 |
No |
| 2 |
11.63 |
No |
| 3 |
11.78 |
No |
| 4 |
11.87 |
No |
| 1996 |
1 |
11.89 |
No |
| 2 |
11.97 |
No |
| 3 |
12.05 |
No |
| 4 |
12.10 |
No |
| 1997 |
1 |
12.09 |
No |
| 2 |
12.15 |
No |
| 3 |
12.16 |
No |
| 4 |
12.09 |
No |
| 1998 |
1 |
12.03 |
No |
| 2 |
12.08 |
No |
| 3 |
12.05 |
No |
| 4 |
12.09 |
No |
| 1999 |
1 |
12.14 |
No |
| 2 |
12.28 |
No |
| 3 |
12.40 |
No |
| 4 |
12.38 |
No |
| 2000 |
1 |
12.29 |
No |
| 2 |
12.48 |
No |
| 3 |
12.58 |
No |
| 4 |
12.80 |
No |
| 2001 |
1 |
12.90 |
Yes |
| 2 |
13.07 |
Yes |
| 3 |
12.86 |
Yes |
| 4 |
13.27 |
Yes |
| 2002 |
1 |
13.13 |
No |
| 2 |
13.14 |
No |
| 3 |
13.26 |
No |
| 4 |
13.31 |
No |
| 2003 |
1 |
13.28 |
No |
| 2 |
13.24 |
No |
| 3 |
13.07 |
No |
| 4 |
13.10 |
No |
| 2004 |
1 |
13.12 |
No |
| 2 |
13.10 |
No |
| Source: Federal Reserve |