I'm not quite sure how to parse that particular piece of data. It seems as though it may be nominal if we consider that the Household Debt-to GDP ratio is substantially decreased from 2008. Further, household debt service ratios have also decreased substantially (by roughly 30%).https://fred.stlouisfed.org/series/HDTGPDUSQ163N
https://fred.stlouisfed.org/series/TDSP
No comments yet.