Where’S the Money Going? The Importance of Accounting for Rent Payments in Measuring a Household's Financial Obligations

Posted: 28 Jun 2018 Last revised: 21 Feb 2019

See all articles by Andrew C. Chang

Andrew C. Chang

Board of Governors of the Federal Reserve System

Joanne W. Hsu

Board of Governors of the Federal Reserve System

Sarah Pack

Board of Governors of the Federal Reserve System

Michael Palumbo

Board of Governors of the Federal Reserve - Flow of Funds Section; University of Houston - Department of Economics

Date Written: 2018-06-20

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.

Suggested Citation

Chang, Andrew C. and Hsu, Joanne W. and Pack, Sarah and Palumbo, Michael, Where’S the Money Going? The Importance of Accounting for Rent Payments in Measuring a Household's Financial Obligations (2018-06-20). FED Notes No. 2018-06-20. Available at SSRN: https://ssrn.com/abstract=3201519 or http://dx.doi.org/10.17016/2380-7172.2213

Andrew C. Chang (Contact Author)

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Joanne W. Hsu

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Sarah Pack

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

Michael Palumbo

Board of Governors of the Federal Reserve - Flow of Funds Section ( email )

Washington, DC 20551
United States
202-452-2296 (Phone)

University of Houston - Department of Economics ( email )

Houston, TX 77204-5882
United States

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