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Synonyms for «household debt»

Household debt refers to the money that individuals or families owe, typically accumulated through loans, mortgages, credit cards, or other forms of borrowing. It represents the total amount of money that a household owes to lenders or financial institutions and needs to repay over time. Full definition
Similar and related words and phrases are presented below.

«household»

domestic house family home homeowner mortgage consumer personal homeownership loan interest average total credit student high monthly equity overall huge card financial heavy individual disposable large outstanding government ownership median national low current term world remaining private existing public business energy whole school significant substantial rising company massive new

«debt»

indebtedness debtors borrowing repayment obligations burden financing payments income amount lending dollars bills costs balance expenses budget spending rate liability relief consolidation money consumption ratio assets trouble problems issues property savings people taxes percentage growth levels deal load cash crisis expenditures work lot life portion account responsibilities size benefit

Related phrases

Phrases with «household debt»

Sentences with «household debt»

  • It led to the highest level of household debt in relation to income in the world. (conservativehome.blogs.com)
  • But the central bank has argued that the likelihood of household debt levels becoming a serious problem remains low and the situation is likely to improve once the economy starts to recover. (moneysense.ca)
  • For Canadian households debt loads rose faster than incomes, which may be a reaction to lower interest rates. (canadianbusiness.com)
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