September 2008 - Note on the cost of servicing household debt
Last Modified Date:
2020-10-01, 09:31 PM
Quarterly Bulletins > Articles and Notes
Rising income and employment levels, and the broadening of access to banking products and services have allowed increasing numbers of households to borrow and increase their debt levels over time. Servicing such debt encumbers a significant proportion of household disposable income. Various approaches can be used to quantify the debt-service cost to households.