Rising Household Debt: What It Means for Growth and Stability

2019-03-15T14:52:40-04:00October 3, 2017|

By Nico Valckx

October 3, 2017

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Household debt, including mortgage debt, has been on the rise since the global financial crisis (photo: Louoates/iStock).

Debt greases the wheels of the economy. It allows individuals to make big investments today–like buying a house or going to college – by pledging some of their future earnings.

That’s all fine in theory. But as the global financial crisis showed, rapid growth in household debt – especially mortgages – can be dangerous. […]