Sentences with phrase «rising level of household debt»
The third question we have focused on over recent times is the implications of the high and rising level of household debt.
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His exact words were that we «must be vigilant» and not let rising levels of household debt spiral out of control.
Not exact matches
U.S. household debt rose to a level not seen in five years in the third quarter of 2013, according to the latest data from the Federal Reserve Bank of New York.
YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said on Tuesday that the view of the Canadian economy is quite good despite record levels of household debt, and he was confident the central bank can manage the risk of that debt even as interest rates rise.
«Canadian policy - makers have allowed household debt to rise above the disturbingly high levels reached in the U.S. in 2007, raising the risk of a similar potentially disastrous deleveraging down the road,» Madani wrote.
The central bank has concerns about the ability of households to keep paying down their high levels of debt when interest rates continue their rise, as is widely expected over the coming months.
The recent rise in the debt - servicing ratio is largely a result of households increasing their debt levels, rather than an unexpected sharp rise in interest rates, as occurred in the late 1980s.
The bank also expects the powerful pace of household spending — particularly in residential investment — to eventually slow next year as debt levels and borrowing costs rise.
But the level of household debt continues to rise, hitting 171.1 per cent of disposable income in the third quarter.
In other words, rising student debt levels aren't just the result of a cost shift from the public to the individual family, but within the household from the family to the individual student.