Sentences with phrase «unprecedented household debt»

In this day and age of low interest rates and unprecedented household debt levels this concept of millionaires living modestly is probably even more likely to be true.

Not exact matches

And today's young adults are getting into trouble with borrowing money for college at unprecedented rates: In a February 2013 analysis on student debt, Federal Reserve Bank of New York economist Donghoon Lee said, «Student debt is the only kind of household debt that continued to rise through the Great Recession.»

A new report finds Canadians are facing a future where an unprecedented amount of household income will go towards debt servicing.