Household deleveraging: Are we there yet? | freedomnewsroom.com

Categorized | Silver & Gold

Household deleveraging: Are we there yet?

Over the last four years, UK households have cut their debt and grown their savings faster than any time on record. They have delevered by more than 15 whole percentage points’ worth of GDP – a "cost" to the economy of 235bn pounds in current spending. Or if you prefer, a long-needed boost to household assets after two decades of spending beyond our means.
BullionStreet Gold News

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