With households' property debt surging, the use of adjustable-rate mortgages increasing, and interest rates rising …, some observers have raised concerns about households' ability to service that debt. To gain a better idea of the … distribution of property debt burdens and how it has changed over time, this Economic Letter presents data from the Survey of …

. Second, debt levels should react accordingly. Third, fewer high-risk households should be denied credit, further contributing … to the interest rate spread between the highest- and lowest-risk borrowers. For those obtaining loans, the premium paid … probability of bankruptcy, the corresponding interest rate increase tripled for first mortgages, doubled for automobile loans and …

Aggressive deregulation of the household debt market in the early 1980s triggered innovations that greatly reduced the … increasing household debt from 43 to 56 percent of GDP with high interest rates during the 1982-1990 period is consistent with … wealthy to the middle class to evaluate the positive and normative aspects of the transition to a high debt economy. Using the …

-science? Points out that Roscher, like his contemporaries, failed to anticipate the proliferation of war debt and other public debt …, consumer debt, corporate takeover financing and other non-productive uses of credit. Concludes by comparing Roscher's ideas …

‐science? Points out that Roscher, like his contemporaries, failed to anticipate the proliferation of war debt and other public debt …, consumer debt, corporate takeover financing and other on‐productive uses of credit. Concludes by comparing Roscher′s ideas with …