tag:blogger.com,1999:blog-3289006368196206785.post2880860125703778091..comments2024-01-28T00:26:43.692-08:00Comments on TMG: Is household debt a threat to our economy?The Mortgage Grouphttp://www.blogger.com/profile/11673347357739448483noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3289006368196206785.post-72075231486319424602013-03-26T02:08:49.621-07:002013-03-26T02:08:49.621-07:00It’s kind of evident that a rise in household debt...It’s kind of evident that a rise in household debts can result in a financial crisis for the whole country. The rising interest rates in the future will mean that individuals would need to pay more towards their creditors. Consequently, they would need to curtail their regular expenses, due to which the other sectors will not have the necessary growth. The National economy will evidently be at stake since 60 percent of the total demand and cash flow comes from the households only. Home mortgages and the loans offered by the Central bank at low interest rates can be blamed for the excessive household debts. Stacy Barbeehttp://www.ovlg.com/blog/author/stacy/noreply@blogger.comtag:blogger.com,1999:blog-3289006368196206785.post-60375375084853165442013-02-25T00:40:29.477-08:002013-02-25T00:40:29.477-08:00I think this is not the a case at all. People woul...I think this is not the a case at all. People would be willing to pay the debts right on time then there should be no problem at all for the economy. But there is a financial crisis, there always is in every country. But come to think of it, it's more manageable and people will know how to decide what to do about it.Zoe Waynhttp://www.aafs.com.au/noreply@blogger.com