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March 3, 2014

Household Spending and Debt

Highlights the value of ‘prudent’ borrowing in enhancing welfare, but also the risks of over-indebtedness for households, the economy and financial stability. Discusses trends in household debt, various debt metrics and why monetary policy is concerned with how households use borrowed funds.
Content Type(s): Explainers Topic(s): Financial stability

Iskander Karibzhanov

Iskander Karibzhanov
Iskander Karibzhanov is a Senior Economist in the International Economic Analysis Department at the Bank of Canada.
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