Where’s the Money Going? The Importance of Accounting for Rent Payments in Measuring a Household's Financial Obligations
Abstract: To get a more comprehensive picture of how families' uncommitted income has evolved since the financial crisis, we analyze a broader measure of households’ committed monthly payments that includes rent for renters, as well as payments to cover mortgages for homeowners and other debt obligations for all families.
Part of Series: FEDS Notes
Publication Date: 2018-06-20