Prior to the recession of 2008/09 household saving was extremely low in the United States. In the context of the …

Overall, household debt levels have risen sharply over the past decades in EU Member States. While certain levels of … household debts can be beneficial, they can become problematic especially with a sudden, unexpected decrease of incomes or …

Household over-indebtedness is among the causes of the current financial crisis. In turn, the crisis exacerbated both … public and private debt problems. In this paper, household over-indebtedness is broadly defined as the situation where a … household cannot comply with payment requirements – whether it be mortgage, utility or consumer credit payments – on a …