Historical Year Data · 2023
Household Financial Obligations Ratio in 2023
Household Financial Obligations Ratio opened 2023 at 14.12% and closed at 14.20%, a +0.53% move for the year. The high of 14.20% was reached on July 1, and the low of 14.11% on April 1.
Open
14.12%
2023-01
Close
14.20%
3 data points
High
14.20%
Jul 1
Low
14.11%
Apr 1
Full Year Change
+0.53%
2022 Change
+0.64%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 14.12% | 14.12% | 14.12% | 14.12% | +0.00% |
| Apr | 14.11% | 14.11% | 14.11% | 14.11% | +0.00% |
| Jul | 14.20% | 14.20% | 14.20% | 14.20% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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