Has the Rise in Debt Made Households More Vulnerable? Nathalie Girouard; Mike Kennedy; Christophe Andre

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Nathalie Girouard ; Mike Kennedy ; Christophe Andre
Housing; Debt
This paper shows that the major part of the historically high debt level in OECD countries is held by higher-income households, who also spend a smaller proportion of their disposable income servicing debts. Whether the situation remains benign or not is discussed in the final section of the paper.
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