Sunday 30 April 2017

We are getting wealthier, but we are still not spending

Household debt is continuing to fall, but we still remain deeply in debt
Household debt is continuing to fall, but we still remain deeply in debt
Dan O'Brien

Dan O'Brien

Are you less mired in debt than you were a few years ago? Do you feel you are getting richer? And if you are feeling flush, are you spending more freely?

The answer to the first two questions is emphatically Yes.

On average, personal indebtedness is down and the value of people's assets - property, pensions and the like - continues to rise strongly, according to new figures from the Central Bank.

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