Chart 5

"Corporate debt as a share of profits has moderated in recent years, while consumer debt-to-income has risen to new highs."
	Nonfarm Nonfinancial Corporate Debt	Consumer debt	Mortgages	Non-mortgage
Year	Percent of corporate operating profits	Percent of personal income	Percent of personal income	Percent of personal income
1959	244.7	50.3	33.0	17.3
1960	270.1	52.3	34.2	18.0
1961	278.3	54.0	35.7	18.2
1962	257.7	55.5	36.7	18.8
1963	251.9	58.4	38.4	20.0
1964	245.2	60.1	39.1	21.0
1965	237.3	60.8	39.3	21.5
1966	249.1	59.7	38.4	21.3
1967	283.7	58.7	37.8	20.9
1968	288.6	57.9	36.8	21.1
1969	333.1	56.8	35.7	21.1
1970	432.2	54.6	34.2	20.4
1971	397.3	55.4	34.4	21.0
1972	381.7	56.1	34.8	21.3
1973	392.5	56.5	34.7	21.9
1974	474.0	55.9	34.5	21.3
1975	422.3	55.2	34.5	20.6
1976	373.7	55.6	35.2	20.5
1977	356.2	58.1	37.0	21.0
1978	350.6	60.3	38.7	21.6
1979	377.5	61.9	40.1	21.8
1980	452.0	60.5	40.2	20.3
1981	454.0	58.2	38.6	19.6
1982	532.5	56.8	37.2	19.6
1983	465.2	58.5	37.7	20.8
1984	451.1	59.1	37.8	21.3
1985	489.1	64.4	41.0	23.5
1986	575.7	68.0	44.1	23.9
1987	551.5	69.6	46.1	23.5
1988	516.4	71.4	48.1	23.3
1989	562.8	72.6	49.5	23.1
1990	578.6	73.6	51.2	22.4
1991	549.0	74.9	53.0	21.9
1992	522.2	74.2	53.1	21.1
1993	470.5	75.9	54.1	21.8
1994	446.9	77.6	54.3	23.3
1995	417.6	79.0	54.1	24.9
1996	393.4	79.5	54.2	25.4
1997	389.5	79.4	54.2	25.2
1998	471.6	79.6	54.5	25.1
1999	492.2	82.0	56.5	25.5
2000	554.6	82.6	56.6	26.0
2001	620.1	86.7	59.8	26.8
2002	539.7	93.4	65.8	27.6
2003	474.0	100.9	72.8	28.1
2004	436.1	106.0	78.2	27.8
2005	396.0	112.2	84.5	27.7

Source: Federal Reserve, Bureau of Economic Analysis"