Rise in cost of living and higher interest rates have increased the pressure on many indebted households
6d ago
From the article
dc.title: Rise in cost of living and higher interest rates have increased the pressure on many indebted households dc.contributor.author: Voutilainen , Ville; Putkuri, Hanna; Honkanen, Johanna dc.description.abstract: Many households were under increasing financial pressure when inflation surged and interest rates were raised in the first few years of the 2020s. Households’ financial margins narrowed when their essential expenditure increased by more than their income. The simultaneous rise in interest rates and other living costs was felt especially by households with high debt relative to income. Nevertheless, households have, for the most part, coped well with their loan servicing. Borrowers’ strong resilience against risks must continue to be maintained in the future. dc.description: Find the accessible version on bofbulletin.fi.
Continue reading on publications.bof.fiYou might also wanna read
Five Signs of Financial Strain on American Households This Summer
The article discusses the financial strain on American households during summer 2026, highlighting five key indicators of economic pressure:
bit.ly·1mo ago
How the $39 Trillion National Debt Impacts American Households and Businesses
This article discusses the economic consequences of the rising U.S. national debt, which has reached $39 trillion. It argues that growing de
pgpf.org·13d ago
Financial Strain Intensifies for Americans Amid Rising Costs and Corporate Practices
The article discusses the growing financial strain on American households, highlighting rising costs across multiple sectors including food
thenation.com·23d ago
Federal Student Loan Defaults Return After Pandemic Pause
libertystreeteconomics.newyorkfed.org·1mo ago
Rising Costs of Groceries, Housing, and Health Care Cause Financial Stress for Many
The article highlights the financial stress experienced by many people due to rising costs of groceries, housing, and health care. About hal
apnorc.org·11mo ago
New York Fed survey: U.S. household financial pessimism hits highest level since July 2022
A New York Fed survey reveals that U.S. household financial anxiety has reached its highest level since July 2022, with 13.3% of respondents
cnbc.com·29d ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.