household debt

COVID and Global Household Debt – Already over $12 trillion higher than in the run-up to the 2008 global financial crisis

COVID-19 Exacerbates Household Debt Burdens Global household debt tops $47 trillion—over $12 trillion higher than in the run-up to the 2008 global financial crisis More than three-fourths of the 75 countries in our sample now have higher household debt-to-GDP ratios than in 2007 Anticipated COVID-19-related job losses imply a massive jump in household debt relative … Continue reading →