OECD: household debt more than 120% of disposable income
According to the OECD`s (Organisation for Economic Co-operation and Development`s) Factbook 2010 – `an annual digest of economic, social and environmental statistics` – household debt exceeded 120% of disposable income by the time the financial crisis hit in 2008, headlinemoney.co.uk reports. This wasn`t just in Britain, though; household debt had passed this level in Canada, [...]
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