Household debt
Combined debt of all people in a household
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- Economy (1)
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- Monetary Policy (1)
🏷️ Keywords
Bank of Korea (1) · Rhee Chang-yong (1) · Property tax (1) · Inflation (1) · Household debt (1) · South Korea (1) · Interest rates (1)
📖 Key Information
Household debt is the combined debt of all people in a household, including consumer debt and mortgage loans. A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent euro area crisis. Several economists have argued that lowering this debt is essential to economic recovery in the U.S. and selected Eurozone countries.
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People and organizations frequently mentioned alongside Household debt:
- 🌐 Property tax (1 shared articles)
- 🌐 Inflation (1 shared articles)
- 👤 South Korea (1 shared articles)
- 🏢 Bank of Korea (1 shared articles)