Saturday, Jul 15, 2006

UK Household Debt to rise to 1992 levels

The Business Online.com: The Market - Debt is real, house prices just opinion

That UK households are highly indebted is not news, but the scale is worrying. In the five years to the fourth quarter of 2005, the amount of debt held by euro zone households rose by 43%. In the five years to the first quarter of 2006, US household debt levels rose by 65% whilst the corresponding figure in the UK was 73%. This surge in UK household debt means that the debt-to-income ratio now stands at a jaw-dropping 158%.

Posted by DoubleBubbleTrouble @ 11:40 PM (604 views)
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