Distribution of household debt burden across age groups
- Haakon Solheim and Bjørn Helge Vatne
- Economic Commentaries
Over the past twenty years, the distribution of debt and wealth has changed across age groups. Older households have more debt than previously, while at the same time holding a greater share of total wealth. Even though the level of debt has not risen as much among younger households in relative terms, the risk associated with loans is higher, since debt has grown faster than the value of housing wealth.
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