A severe economic shock could be devastating for heavily indebted households, curb consumer spending and business investment, and send house prices cratering. (canadianbusiness.com)
It concluded they are «expected to decrease the proportion of highly indebted households among new borrowers» particularly in high price growth regions. (business.financialpost.com)
«We continue to be one of most highly indebted states in the nation,» DiNapoli said. (wrvo.org)