Irish household debt fell by €1.1 billion in the first quarter, putting it at its lowest level since early 2006, the Irish Central Bank revealed today.
And household debt as a proportion of disposable income, which now stands at 149.4 per cent, is at its lowest level since the end of 2004.
Despite the 0.7 per cent fall, which puts household debt per capita at around €31,000, Irish households are still the fourth-most indebted in the European Union...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass