Household Debt Hits 45.5% of GDP: A Stark Revelation

Finance

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Household Debt Hits 45.5% of GDP: A Stark Revelation

Ladies and gentlemen, the household debt has rocketed to a jaw-dropping 45.5% of GDP, all thanks to our star performer: non-housing retail loans! It’s like watching a blockbuster where consumption loans steal the show, leaving housing and business loans in the dust. But fear not, our borrowers are leveling up with more prime players on the field. Just remember, with great debt comes great responsibility — and a shopping spree to match!