household debt

The price of assets

Bank of Spain warns over half a million households will need help to pay mortgages this year

Eleven million households have bank debts and of those, five million have mortgages. One million of them are considered to be vulnerable. Given the interest rate shock from 2020, the number of vulnerable households among those in debt will rise from 10% to 14% with a rise of 400 basis points in the price of money. According to the Bank of Spain, the number of mortgaged households that will be…

Household savings rate at historical lows

Spanish household wealth falls 2% in just three months

Household financial assets – cash, shares, deposits and income securities – fell by 2% in the third quarter of 2022, to 2.62 trillion euros at the end of September. Specifically, the Financial Accounts of the Spanish Economy indicate that 105 billion were volatilised in the third quarter of 2022. In year-on-year terms, they fell by 0.5 %. The Bank of Spain explains that this decline reflects a negative revaluation of…

Spanish households savings

Spanish Household Debt Continues To Fall: 61% Of GDP (Down 3%)

J. L.M.Campuzano | Spanish household debt continued to reduce in 2017, reaching 61% of GDP (down 3%), according to the Bank of Spain. It has fallen 24% since its máximum level reached in 2010. Company debt at the end of the year amounted to 78% of GDP, with a fall of 5% over 2016. Company debt has fallen 39% since its maximums.


British inflation draws a faltering economy

LONDON | Since the consumer price index began to record UK’s month on month inflation back in 1996, the downturn experienced in the clothing and footwear section from May to June this year has doubled the next largest decrease. The data, released Tuesday by the Office for National Statistics, brought inflation from 2.8 percent to 2.4 percent, while the retail price index fell, too, from 3.1 percent to 2.8 percent….

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Monday’s graph: improvement in gross debt ratio of Spain’s private sector

International Financial Analysts Afi brought to our attention this chart from 2011 financial accounts in Spain, which confirm that ratio of gross debt (loans and different security prices) of households and businesses in Spain has dropped by 13.5 percentage points of GDP. The figure is now 216pc, down from the maximum levels reached during the second quarter in 2010. It also reflects the downturn in indebtedness operations during last year,…