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This Is The Amount Of Debt That The Average Household In Ireland Holds

By mariemadden

May 23, 2017 at 2:08pm

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It may always feel like you're the most broke person in the entire world but new stats have now arrived from the Central Statistics Office to let you know if that is the case.

The CSO revealed this week that Irish households remain the most indebted across Europe, with each owing an average of €30,199 on a per capita basis.

On the upside, household debt has fallen every quarter since 2008 and the debt-to-disposable income ratio continues to improve.

The survey also revealed that mortgage rates in Ireland are considerably above other European countries, with the typical rate on a new loan standing at 3.2% - the highest in Europe.

H/T - Irish Times

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