World Economy

Irish Households Reducing Debt Faster

Irish Households Reducing Debt FasterIrish Households Reducing Debt Faster

Irish households have reduced their debt as a proportion of disposable income more than any other European Union country over the past four years, RTE reported. However, new figures from the central bank also indicate households here remain the fourth most indebted in the EU. Between Q4 2012 and Q4 2016 Irish household debt fell from 193.9% of disposable income to 140.9%--a drop of 53%—while eurozone household debt fell by just 3.3% over the same period.

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