Sentences with phrase «household debt figure»
Our aggregate household debt figures loudly proclaim a society of debt addiction, but they don't tell us other crucial facts.
http://www.canadianbusiness.com/ Not exact matches
The household debt - to - income figure includes Newfoundlanders and British Columbians, freshman university students and pensioners, debt - free misers and hedonistic maniacs.
To obtain this figure, we looked at data reported by the Federal Reserve for Outstanding Revolving Debt - we then divided that number by the number of card - carrying households each year.
The latest figures shows the household debt to disposable income ratio at 167 per cent — higher than in the U.S. before the crash.
Other figures from 1998 show that the debt of households in the United States stood at 5,500 billion dollars (UNDP 1998).
To obtain this figure, we looked at data reported by the Federal Reserve for Outstanding Revolving Debt - we then divided that number by the number of card - carrying households each year.
To calculate DTI, the VA tallies all of a buyer's significant monthly debts (including housing and recurring debts) and divides that figure by monthly household income.
Considering that the most recent U.S. Bureau of Labor Statistics figures show that housing costs are the biggest component of household spending, it's not surprising that loans taken out to buy homes are the biggest source of debt for those surveyed by GOBankingRates.
TORONTO — Canadian household debt hit a record high during the third quarter, as it grew at a faster pace than disposable income, according to the latest figures from Statistics Canada.
Back then, household debt accounted for about 70 % of our disposable income, today that figure is above 150 %.
The typical or median amount owed on all outstanding student loan balances is about $ 13,000 among young households with such debt.3 This comports closely with other recent student debt figures.
Figures just released by Statistics Canada indicated that the debt - to - income ratio for Canadian households increased to 163.4 % in the second quarter of 2012.
For American households, debt has become a way of life and in some of those houses, the figures are staggering.
Using data from the U.S. Census Bureau and the Federal Reserve, ValuePenguin found that the average credit card debt for households that carry a balance is a shocking $ 16,048 — a figure that has risen by 10 % over the past three years.
It's important to look at your household budget, figure out how much you can devote to repayment and see if it's enough to knock out your debt, Valenti says.
Worse still, the average American household also has $ 139,500 in total debt, and that figure factors in households with no debt whatsoever.
Somethings to take into account when you figure how much coverage to take, are funeral expenses (burial or cremation), lost retirement earnings, household debt, income needed for household maintenance.