Obstfeld added that the organization
sees higher household debt in many places and higher corporate debts.
Not exact matches
On the
household -
debt - to - disposable - income ratio, some experts
see it as just one number out of many and insist that consideration must be given to the composition of the
debt, such as how much of it is
high risk.
So, in summary these are some of the themes we might expect to
see in the next chapter — the impact of technology and the growth of Asia; the normalisation of monetary conditions; the effects of
higher levels of
household debt; and the capability of our workforce and businesses to be flexible, innovative and adaptable.
In the period ahead, moreover, we might expect to
see households inclined to save a
higher share of current income, and perhaps to be more cautious about the amount of
debt they take on, than in the preceding upswing.
The budget office also noted that indebtedness has continued to edge
higher in Canada, which has
seen the largest increase in
household debt relative to income of any G7 country since 2000.
So with
debt rising at a much
higher rate than income growth, we get that rising
debt to
household income ratio
seen below, which currently sits at 170 %, up from just 87 % in 1990.
«Even factoring in the
higher student
debt loads that are inhibiting young adults from forming their own
households as they finally land jobs, this country hasn't
seen a
household formation rate this low since World War II.»
«The average Alberta
household would
see debt - servicing costs shoot up by more than $ 1,200 a year — the
highest jump in the country — if interest rates rise by one percentage point, according to a new report by RBC Economics.