Consumer Debt

(redirected from Household debt)

Consumer Debt

The debt individuals use to purchase consumer goods. In macroeconomics, consumer debt is used for individual purchase rather than investment. A common example of consumer debt is the balance on a credit card.
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For example, before the crash, household debt had increased enormously in Arizona and Nevada, as well as in Ireland and Spain; and, after the crash, all four locales experienced particularly severe recessions.
Regarding the issue of the increasing household debt, Lee said the bank will take a long-term assessment to address this issue because the credit risk is less likely to have a short-term impact on the country's economy.
Global Banking News-January 18, 2018--Banking regulator calls on China to bring household debt under control
The government announced plans to manage household debt, which focuses not only on reducing financial risks and improving macroeconomic soundness, but also on boosting household income and raising their repayment ability.
Mortgage balances, the largest component of household debt, reached $8.
Moody's said the UK's rising household debt and a weaker macroeconomic climate had forced analysts to downgrade four of five consumer structured finance sectors to negative.
4% of total household debt as of the end of 2016, second only to mortgage debt, what has a 71% share, but that has been declining, according to the Federal Reserve Bank of New York.
General Secretary of the TUC, Frances O'Grady, warned that this ris in household debt is "putting the economy in the danger zone".
HOUSEHOLD debt is set to reach a record high in the first year of the new government, a new report warns.
The TUC said unsecured household debt is defined as credit cards, student and car loans but not mortgages.
IRISH household debt has fallen at its fastest rate since 2015, the Central Bank has revealed.
Compared to economic output, household debt was in December of last year 122.

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