OECD Factbook 2010: Household debt reached more than 120% of disposable income in UK, Canada, US, Japan and Ireland before onset of crisis in 2008.
Related posts:
- Irish Income/Living Conditions 2008: State benefits accounted for more than 22% of household income; More than 20% of households were in arrears on payments
- Household saving rate as ratio of disposable income down to 13.4% in Eurozone; Business investment rate as ratio of value added at 20.8%
- Debt in advanced world has grown during crisis; Two-thirds of fall in US household debt due to defaults
- Eurozone household saving rate fell to 14.3% in Q2 2010; Ireland had a sharp rise in its household saving ratio to 12.3% in 2009
- Tax burden rising on workers in OECD countries; Irish tax wedge below average except for high income singles