United States Household Debt Service Ratio: sa: Equifax/FRB data was reported at 11.285 % in Dec 2024. This records a decrease from the previous number of 11.313 % for Sep 2024. United States Household Debt Service Ratio: sa: Equifax/FRB data is updated quarterly, averaging 11.768 % from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 15.846 % in Dec 2007 and a record low of 9.085 % in Mar 2021. United States Household Debt Service Ratio: sa: Equifax/FRB data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB: Household Debt Service Ratio: Seasonally Adjusted.

Credit bureaus and rating agencies in the US have experienced notable growth in recent years due to heightened demand for information. The reliance on data analytics has driven increased interest in these services, which provide vital information on creditworthiness for both individuals and businesses. This has been particularly significant as businesses and individuals seek to make well-informed financial decisions. Despite challenges related to the pandemic, inflation and high interest rates, the industry has thrived and profit has soared, indicating its resilience and the critical nature of the services it offers in a data-driven economy. While long-term demand for information has buoyed the industry, providers’ trajectory has been influenced by broader economic conditions, notably equity market fluctuations. The industry weathered initial pandemic-related disruptions, which precipitated a sharp fall in stock prices and corporate profit. Nonetheless, rapid fiscal and monetary responses bolstered investor confidence and led to a robust rebound in equity markets, contributing to massive revenue growth in 2020 and 2021. Soaring interest rates in 2022 and 2023 boosted recessionary fears among investors, hindering demand for equities, reducing stock prices and thus contributing to a major drop in revenue in 2022. These effects have percolated into the real economy as consumer and business borrowing has slowed, constraining aggregate household debt and corporate debt. These effects have negatively impacted the industry in 2023 and 2024, though a rebound in the stock market has prevented a major collapse in revenue. Overall, revenue for credit bureaus and rating agencies in the US is anticipated to soar at a CAGR of 4.3% over the past five years, reaching $16.4 billion in 2024. This includes a 1.3% drop in revenue in that year. Looking ahead, credit bureaus and rating agencies will face a more tempered growth trajectory over the next five years. The broad adoption of online services and data analytics has led to market saturation, reducing opportunities for exponential revenue growth. Nonetheless, stable economic growth and business formation should sustain a steady demand for credit reporting and rating services. The predicted slower growth in equity prices will moderate financial institutions' borrowing capacity, which will also contribute to the slowdown in revenue growth. Overall, revenue for credit bureaus and rating agencies in the United States is forecast to inch upward at a CAGR of 1.1% over the next five years, reaching $17.4 billion in 2029.

United States Household Debt Service Ratio: sa: Equifax/FRB: Consumer data was reported at 5.512 % in Dec 2024. This records an increase from the previous number of 5.479 % for Sep 2024. United States Household Debt Service Ratio: sa: Equifax/FRB: Consumer data is updated quarterly, averaging 5.698 % from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 7.307 % in Dec 2005 and a record low of 4.306 % in Mar 2021. United States Household Debt Service Ratio: sa: Equifax/FRB: Consumer data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB: Household Debt Service Ratio: Seasonally Adjusted.

United States Household Debt Service Ratio: sa: Equifax/FRB: Mortgage data was reported at 5.773 % in Dec 2024. This records a decrease from the previous number of 5.834 % for Sep 2024. United States Household Debt Service Ratio: sa: Equifax/FRB: Mortgage data is updated quarterly, averaging 6.131 % from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 8.952 % in Dec 2007 and a record low of 4.779 % in Mar 2021. United States Household Debt Service Ratio: sa: Equifax/FRB: Mortgage data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.KB: Household Debt Service Ratio: Seasonally Adjusted.