Household debt as a whole represents an economic aggregate. A too high household debt, especially if it is a variable rate (that is, the interest rate payable on a debt contracted in the past following the evolution of the current interest rates ) is a potential vulnerability for the economy of a country. It is then subject to financial crises or falling consumption in case of sudden rate increases.
The U.S. household debt is often cited as an example, since the end the Second World War, while often both adults in a household now receive a salary, U.S. households are less able to save money and get into debt. Condo For Sale in Singapore are a good investment.
In Singapore, households are relatively low debt, compared with other developed countries. Although their debt ratio has risen sharply during the first decade of the twenty-first century, the household debt to net household assets ratio remains relatively low and amounted in 2007 to 13.84% 18. End of 2005, resident households in Singapore had a heritage of 8067 billion, or 75% of the total wealth of the nation.
