Personal debt levels rising at fastest since March 2000

http://www.unison.ie/breakingnews/index.php3?ca=9&si=95950

We are now 290bn in debt. That is 68k per person inc children, pensioners, and immigrants.

Our debt is rising at about 1700 euros every month according to these figures.
If we keep borrowing at these rates it will be about 88.4K in a years time.

Where is the tipping point?

Re: ate Personal debt levels rising at fastest since March 2000

How much of this is mortgage debt?

Re: ate Personal debt levels rising at fastest since March 2000

most of it is mortgage debt , only 1% of that total figure is credit cards that were not paid off in full . Breakdown here.

www.centralbank.ie/data/MonthStatFiles/June Stats 2006.pdf

sandymount said:

Where is the tipping point?

Click to expand...

probably when debt reaches the same point as the 150k per person in riches we have according to BOI