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...

Subscribe from just €1 for the first month!

or Log in to continue reading

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Related Stories

Last week, in a much-anticipated announcement, the FT said that Lionel Barber would step down as editor in January after 14 years

Vincent Boland | 6 days ago

Ageism is not okay, whether it’s directed at a younger generation or an older one, as an ‘Ok boomer’-spouting Generation Z should know

Nadine O’Regan | 6 days ago

Memories of a rural childhood come flooding back on discovery of a curated Twitter account called Ireland’s Farmers

Emer McLysaght | 6 days ago