Saturday November 23, 2019

Irish household debt at lowest level since 2006

Central Bank stats show Ireland is now fourth-most indebted EU nation

18th August, 2016

Debt as a proportion of disposable income lowest since 2004 Pic: Getty

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...

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