One of the things that I'd point to is net wealth—so assets minus debt. Household net wealth as a share of income is well above its prepandemic level. In particular, housing equity—your home value minus the debt you owe on your home—is at high levels as well, higher than in history, higher than prepandemic.
Other broader measures like debt-to-asset ratio, which is kind of a measure of leverage, is also lower than prepandemic levels. Those are the positives. It's kind of tempered by the fact that the debt-to-income ratio, which is an often cited metric, is slightly above prepandemic levels. It's been elevated for a number of years.
Those are some of the key metrics we look at in terms of balance sheets.