household debt

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  • Household Debt Falls to Lowest Level Since 2007


    Authority Authority:
    In March, the volume of debt which Spanish households had contracted with financial institutions reached 820,183 million euros, representing a decrease of 4.4% in a year, and putting it at its lowest level since May 2007. According to provisional data published by the Bank of Spain on Friday, the greater part of ...
    1 week ago
  • First Quarter Data on the 2013 Stock Market


    Authority Authority:
    At the close of the first quarter of 2013, it is clear that markets and investors are responding positively to several data points: The U.S. Commerce Department reports that consumer spending, which accounts for 70% of the U.S. economy, rose in February by the highest rate in five months. Although the gain was a ...
    4 weeks ago
  • A reality check on German household wealth


    Authority Authority:
    By Paul De Grauwe and Yuemei Ji A recent ECB household-wealth survey was interpreted by the media as evidence that poor Germans shouldn’t have to pay for southern Europe . This column takes a look at the numbers. Whilst it’s true that median German households are poor compared to their southern European ...
    4 weeks ago
  • Canadian households may face more deleveraging


    Authority Authority:
    By Sober Look Some recent data out of Canada points to a slowdown in growth of consumer indebtedness. According to RBC, the non-mortgage consumer debt has grown at the slowest rate in 20 years. Global News: – Non-mortgage debt including credit cards, personal loans, lines of credit and other loans stood at ...
    4 weeks ago

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