http://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=11651648
New Zealand is sitting on a half-a-trillion-dollar debt bomb and
Kiwis are increasingly treating their houses like cash machines, piling
on the debt as they watch the value of their properties soar.
Reserve Bank figures show household debt, excluding investment
property, has risen 23 per cent in the past five years to $163.4
billion. Incomes have risen only 11.5 per cent.
Households are now carrying a debt level that is equivalent
to 162 per cent of their annual disposable income – higher than the
level reached before the global financial crisis.
No comments:
Post a Comment