So just how are mortgage delinquency rates so incredibly low at a time when
household debt levels relative to incomes have never been higher?
So just how are mortgage delinquency rates so incredibly low at a time when
household debt levels relative to incomes have never been higher?
Not exact matches
When this happens and as
debt levels rise
relative to
debt servicing capacity, at some point the major stakeholders — including businesses, creditors,
household savers, workers and so on — became uncertain enough about how this gap will be allocated that they take steps to protect themselves from this uncertainty.
That is just a little over 4 years, and we can expect a continuation of deleveraging for many years to come - we have a long way to go in order to get back to the
levels of
household debt relative to GDP or Personal Disposable Income (PDI).
In a country where consumers have grown accustomed to low rates, and where
households are burdened with record
levels of
debt relative to income, this kind of change is worth noting.
Similarly, a study from 2013 conducted at Northwestern University found that those who had high
debt relative to
household assets, reported higher
levels of stress, depression, and poor self - reported general health.